8-Kfiled June 15, 2023, 7:59 PM ETticker NCMICIK 0001377630
other materialconfidence highsentiment negativemateriality 0.85
National CineMedia, Inc. (NCMI): Nasdaq/NYSE listing notice — Nasdaq grants interim continued listing for NCMI through July 26, 2023, pending bankruptcy plan approval
National CineMedia, Inc.
Nasdaq Hearings Panel approved continued listing on interim basis through July 26, 2023.
Company's operating subsidiary NCM LLC filed Chapter 11 on April 12, 2023; restructuring plan pending Bankruptcy Court approval.
Approximately 79% of secured lenders support the plan; disclosure statement hearing set for June 26, 2023.
If delisted, common stock may trade on OTC Pink under symbol 'NCMI'; no assurance of liquid trading market.
Delisting could impair liquidity, ability to raise capital, and stock price.
National CineMedia, Inc. received a nasdaq hearing update notice regarding other.
Exchange
nasdaq
Notice
hearing update
Exact text from the filing
June 14, 2023, the Company received written notice from Nasdaq that the Panel had approved the Company’s request for continued listing, on an interim basis through July 26, 2023, subject to the Company updating the Panel on the status of the approval of the Plan (defined below). As previously disclosed, on April 12, 2023, National CineMedia, LLC (“NCM LLC”), the operating company for the Company, filed a voluntary petition seeking relief under Chapter 11 of Title 11 of the United States Code in the United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”), and
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