---
schema_version: "secwatch.filing_event.v1"
accession: "0001377630-23-000063"
form_type: "8-K"
ticker: "NCMI"
cik: "0001377630"
company_name: "National CineMedia, Inc."
filed_at: "2023-04-21T23:59:59+00:00"
generated_at: "2026-06-16T21:13:46.976688+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# NCMI receives Nasdaq delisting notice after subsidiary Chapter 11 filing

## Summary
- Nasdaq deemed NCMI a public shell after subsidiary Ch.11 filing; suspension 4/28/2023 unless appeal.
- Company appealed on 4/21/2023 to Nasdaq Hearings Panel; appeal stays suspension pending decision.
- If delisted, stock expected to trade on OTC Pink under symbol NCMI; no assurance of liquid market.
- Delisting risk: impaired liquidity, capital raising ability, stock price decline.

## SEC filing metadata
- accession: 0001377630-23-000063
- form_type: 8-K
- ticker: NCMI
- cik: 0001377630
- company_name: National CineMedia, Inc.
- filed_at: 2023-04-21T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1377630/000137763023000063/0001377630-23-000063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1377630/000137763023000063/ncmllc-20230419.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001377630-23-000063
- JSON: https://secwatch.observer/filing/0001377630-23-000063.json
- Plain text: https://secwatch.observer/filing/0001377630-23-000063.txt

## Key facts
- Listing & Compliance Notices
  National CineMedia, Inc. received a nasdaq delisting notice notice regarding other (rules 5100).
  - Exchange: nasdaq
  - Notice: delisting notice
  - Rules: 5100
  source text: April 19, 2023, National CineMedia, Inc (the “Company”) received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that as a result of National CineMedia, LLC filing a voluntary petition for reorganization under Chapter 11 of title 11 of the United States Code in the U.S. Bankruptcy Court for the Southern District of Texas on April 12, 2023, as previously disclosed, and in accordance with Nasdaq Listing Rule 5100, the Nasdaq Staff determined that the Company is a “public shell” and that continued listing of the Company’s common stock is no longer warranted. The letter advises tha
  evidence_url: https://www.sec.gov/Archives/edgar/data/1377630/000137763023000063/0001377630-23-000063-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.