Royalty Management Holding Corp (RMCO): Nasdaq/NYSE listing notice — American Acquisition Opportunity receives Nasdaq delisting notice for failure to meet MVLS rule; plans appeal

Royalty Management Holding Corp

Nasdaq notified company on Oct 5, 2023, of delisting effective Oct 16, 2023, due to MVLS below $35M.
Company had 180 days from April 4, 2023, to regain compliance but failed to do so by Oct 2, 2023.
Board intends to appeal the delisting determination, which would suspend action pending panel decision.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.97

Royalty Management Holding Corp received a nasdaq delisting notice notice regarding market value (rules 5550(b)(2), 5810(c)(3)(C)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: market value
Rules: 5550(b)(2), 5810(c)(3)(C)

Exact text from the filing

October 5, 2023, the Company received a letter (the “Delisting Notice”) from the Staff stating that as the Company had not regained compliance with the MVLS Rule, its securities would be delisted effective as of the opening of the market on October 16, 2023. The Delisting Notice provided that the Company may appeal the delisting determination to a Hearings Panel. While the board of directors of the Company has not yet requested an appeal, it anticipates that it will do so which would suspend the delisting until the Hearings Panel made a final determination.

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Royalty Management Holding Corp filing history →

Source: SEC EDGAR

accession 0001477932-23-007569

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