National CineMedia, Inc. (NCMI): Nasdaq/NYSE listing notice — National CineMedia receives Nasdaq delisting notice; hearing set for May 25, 2023

National CineMedia, Inc.

Failed to regain minimum $1.00 bid price compliance by April 26, 2023 deadline.
Nasdaq hearing on May 25 will address bid price rule and subsidiary's Chapter 11 petition.
If delisted, common stock may trade on OTC Pink under symbol NCMI.
Company warns there is no assurance Nasdaq will grant continued listing or value in stock.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

National CineMedia, Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5450(a)(1)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: minimum bid price
Rules: 5450(a)(1)

Exact text from the filing

April 27, 2023, the Company received a determination letter (the “April 27 Letter”) from Nasdaq advising the Company that Nasdaq had determined that the Company had not regained compliance with the Bid Price Rule by the required date of April 26, 2023. The April 27 Letter indicated that the Company’s compliance with the Bid Price Rule would be addressed at the Company’s previously scheduled hearing on May 25, 2023, which will now address the Bid Price Rule and National CineMedia, LLC’s (the Company’s consolidated subsidiary) voluntary petition for reorganization. The hearing will delay the pot

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National CineMedia, Inc. filing history →

Source: SEC EDGAR

accession 0001377630-23-000066

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