KUSTOM ENTERTAINMENT, INC. (KUST): Nasdaq/NYSE listing notice — Digital Ally gets Nasdaq extension to July 3, 2023 for minimum bid price compliance

KUSTOM ENTERTAINMENT, INC.

Nasdaq approved second 180-day period; new deadline is July 3, 2023.
Company failed minimum bid price rule since July 7, 2022; original period ended Jan 3, 2023.
Company evaluating measures to regain compliance, but no assurance of success.
Failure to comply could lead to delisting from Nasdaq Capital Market.

Key facts

Extracted from this filing and checked against the source text.

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

KUSTOM ENTERTAINMENT, INC. received a nasdaq extension granted notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

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

Exact text from the filing

January 4, 2023, Nasdaq approved the Company’s request for a second 180-day period, or until July 3, 2023, to regain compliance with the Minimum Bid Price Requirement. If the Company does not regain compliance within the allotted compliance period(s), including any further extensions that may be granted by Nasdaq, Nasdaq will provide notice that the Common Stock will be subject to delisting from the Nasdaq Capital Market. The Company intends to continuously monitor the closing bid price for its Common Stock and is in the process of considering various measures to resolve the deficiency and reg

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Source: SEC EDGAR

accession 0001493152-23-000241

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