HC LIQUIDATING, INC.: Nasdaq/NYSE listing notice — HyreCar receives Nasdaq delisting notice for failing $35M market value rule

HC LIQUIDATING, INC.

Nasdaq notified HyreCar on Dec 13, 2022 of delisting due to market value of listed securities below $35M.
Company must request a hearing by Dec 20, 2022 to appeal; delisting set for Dec 22, 2022.
HyreCar plans to request a hearing; if granted, extension possible until June 12, 2023.
Prior 180-day compliance period expired Dec 12, 2022 without meeting the requirement.
No assurance that appeal will succeed or that compliance will be regained.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

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

HC LIQUIDATING, INC. received a nasdaq delisting notice notice regarding market value (rules 5550(b)(2)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: market value
Rules: 5550(b)(2)

Exact text from the filing

December 13, 2022, HyreCar, Inc. (the “Company”) received a letter from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, based upon the Company’s non-compliance with the $35 million market value of listed securities requirement set forth in Nasdaq Listing Rule 5550(b)(2) as of December 12, 2022, the Company’s securities will be suspended from trading on and delisted from The Nasdaq Capital Market at the opening of business on December 22, 2022 unless the Company requests a hearing before a Nasdaq Hearings Panel (the “Pane

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Source: SEC EDGAR

accession 0001437749-22-029274

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