NEXTNRG, INC. (NXXT): Nasdaq/NYSE listing notice — EzFill receives Nasdaq deficiency notice for equity below $2.5M minimum

NEXTNRG, INC.

Stockholders' equity as of June 30, 2023 was ~$1.8M, below the $2.5M Nasdaq continued listing requirement.
Company has 45 days, until October 6, 2023, to submit a plan to regain compliance.
If the plan is accepted, Nasdaq may grant an extension of up to 180 days to regain compliance.
Failure to regain compliance or have plan accepted could lead to delisting; hearing can be requested to stay delisting.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

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

NEXTNRG, 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

August 22, 2023, EzFill Holdings, Inc. (the “Company”) received a letter from the Listing Qualifications Staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company’s stockholders’ equity as reported in its Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2023 (the “Form 10-Q”), did not satisfy the continued listing requirement under Nasdaq Listing Rule 5550(b)(1), which requires that a listed company’s stockholders’ equity be at least $2,500,000 (the “Stockholders’ Equity Requirement”). As reported in its Form 10-Q, the Company’s stockholders

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NEXTNRG, INC. filing history →

Source: SEC EDGAR

accession 0001493152-23-029946

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