Motus GI Holdings, Inc.: Nasdaq/NYSE listing notice — Motus GI fails to meet Nasdaq bid price rule; gets equity rule extension to Jan 2

Motus GI Holdings, Inc.

Failed to regain compliance with Nasdaq $1 bid price rule by Sept 27 deadline; Hearing Panel to decide on delisting.
Will submit updated compliance plan by Oct 5; may implement reverse stock split approved by stockholders on Sept 21.
Hearing Panel granted extension until Jan 2, 2024 to regain compliance with Nasdaq's minimum stockholders' equity rule.

item 3.01 item 8.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Motus GI Holdings, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

September 28, 2023, the Company was notified that because it had not regained compliance with the Bid Price Rule, the Nasdaq Hearing Panel (the “Hearings Panel”) will consider the matter in their decision regarding the Company’s continued listing on the Nasdaq Capital Market (“Nasdaq”), and that the Company should present its views with respect to this additional deficiency in writing no later than October 5, 2023. The Company currently intends to submit an updated plan to the Hearings Panel by October 5, 2023 that outlines the steps the Company plans to take to promptly regain compliance with

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Source: SEC EDGAR

accession 0001493152-23-035029

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