regulatory
confidence high
sentiment negative
materiality 0.80
Motus GI Holdings, Inc.: Nasdaq/NYSE listing notice — Nasdaq grants Motus GI extension to July 3, 2023 to regain equity compliance
Motus GI Holdings, Inc.
- Company reported stockholders' equity of $762K as of Sep 30, 2022, below $2.5M minimum.
- Extension granted March 9, 2023, conditioned on achieving compliance plan milestones including raising capital.
- Company also failed alternative standards: market value of listed securities >$35M or net income >$500K.
- Risk of delisting remains if compliance not regained by July 3, 2023.
- Delisting would materially impair access to capital markets and liquidity.