HC LIQUIDATING, INC.: Nasdaq/NYSE listing notice — HyreCar receives Nasdaq deficiency letter for minimum bid price non-compliance

HC LIQUIDATING, INC.

Received Nasdaq notice on Nov 4, 2022 for failing minimum bid price of $1.00 for 30 consecutive business days.
Has until May 3, 2023 (180 days) to regain compliance by closing at $1.00+ for 10 consecutive business days.
If not compliant, may qualify for second 180-day period; potential reverse stock split considered.
Stock continues trading on Nasdaq Capital Market under symbol HYRE during cure period.
No assurance of regaining compliance or avoiding eventual delisting.

Key facts

Extracted from this filing and checked against the source text.

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

HC LIQUIDATING, INC. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

November 4, 2022, HyreCar Inc. (the “Company”) received a letter (the “Notice”) from the listing qualifications staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, it is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per share, and Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecu

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Source: SEC EDGAR

accession 0001437749-22-026884

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