NextTrip, Inc. (NTRP): Nasdaq/NYSE listing notice — Sigma Additive Solutions fails Nasdaq minimum equity requirement; given 45 days to plan

NextTrip, Inc.

Nasdaq notified Sigma that stockholders' equity of $2,391,289 as of June 30, 2023 falls below the required $2,500,000 minimum.
Company has 45 days to submit a compliance plan; if accepted, Nasdaq may grant up to 180 days to regain compliance.
Sigma received non-binding proposals for asset purchase or merger and believes such transactions could restore compliance.
No definitive agreements have been reached; there is no assurance of plan acceptance or regained compliance.

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

NextTrip, Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

andard; Transfer of Listing. On August 17, 2022, Sigma Additive Solutions, Inc. (“we,” “us,” “Sigma” or the “company”) received notice from Nasdaq Listing Qualifications (“Nasdaq”) that because our stockholders’ equity as of June 30, 2023 was $2,391,289, we no longer comply with Nasdaq Listing Rule 5550(b)(1), which requires companies listed on the Nasdaq Capital Market to maintain minimum stockholders’ equity of $2,500,000, and do not meet the alternatives of market value of listed securities or net income from continuing operations. The notice stated that under Nasdaq Rules, we have 45 calen

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NextTrip, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-029819

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