REMARK HOLDINGS, INC.: Nasdaq/NYSE listing notice — Remark Holdings receives Nasdaq delisting notice; plans to appeal

REMARK HOLDINGS, INC.

Nasdaq determined Remark failed to regain compliance with continued listing standards by Oct 24, 2023 deadline.
Company previously missed net income, stockholders' equity ($2.5M min) and market value ($35M min) standards.
Remark will appeal to a Nasdaq Hearings Panel; shares continue trading pending decision.
Appeals hearing typically scheduled within ~30 days of request.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

REMARK HOLDINGS, INC. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(3), 5550(b)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 5550(b)(3), 5550(b)

Exact text from the filing

October 26, 2023, we received a staff determination letter from Nasdaq indicating that we did not regain compliance with the Continued Listing Standards. Accordingly, unless we request an appeal of Nasdaq’s determination, our common stock is subject to delisting. We will appeal Nasdaq’s delisting determination to a Hearings Panel (the “Panel”). Such hearings are generally scheduled within approximately 30 days of the request. Our common stock will continue to be listed and traded on the Nasdaq Capital Market pending a decision by the Panel.

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Source: SEC EDGAR

accession 0001368365-23-000091

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