HWH International Inc. (HWH): Nasdaq/NYSE listing notice — HWH International receives Nasdaq deficiency notice for low MVPHS

HWH International Inc.

Nasdaq letter dated Feb 22, 2024 cites non-compliance with MVPHS Rule 5450(b)(3)(C) due to market value of publicly held shares below $15M.
Company has 180 days, until Aug 20, 2024, to regain compliance by closing at $15M+ for at least 10 consecutive business days.
If not compliant by deadline, Nasdaq will send delisting notice; Company may appeal to a hearings panel.
Company considering available options including transfer to 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 0.99

HWH International Inc. received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(3)(C), 5810(c)(3)(D)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5450(b)(3)(C), 5810(c)(3)(D)

Exact text from the filing

February 22, 2024, HWH International Inc., (the “Company”), received a letter from the Listing Qualifications Department of Nasdaq indicating that, based on the market value of publicly held shares for the previous 31 consecutive business days, the listing of the Company’s ordinary shares are not in compliance with Nasdaq Listing Rule 5450(b)(3)(C) to maintain a minimum market value of publicly held shares of $15,000,000 (the “MVPHS Rule”). Under Nasdaq Listing Rule 5810(c)(3)(D), the Company has a period of 180 calendar days, or until August 20, 2024, to regain compliance with the MVPHS Rule.

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5 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

HWH International Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-008182

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