regulatory
confidence high
sentiment negative
materiality 0.70
HWH International Inc. (HWH): Nasdaq/NYSE listing notice — HWH International receives Nasdaq delisting notice for MVLS below $50M for 37 days
HWH International Inc.
- On March 7, 2024, Nasdaq notified HWH that its Market Value of Listed Securities (MVLS) had been below $50M for 37 consecutive business days.
- The company has 180 calendar days, until September 3, 2024, to regain compliance with Nasdaq Listing Rule 5450(b)(2)(A).
- Compliance can be achieved if MVLS closes at $50M+ for 10 consecutive business days before the deadline.
- If non-compliance continues after September 3, Nasdaq may delist HWH; the company can then appeal to a Nasdaq Hearing Panel.
- HWH is evaluating actions to regain compliance and may consider transferring to the Nasdaq Capital Market.