Motus GI Holdings, Inc.: Nasdaq/NYSE listing notice — Motus GI receives Nasdaq delisting notice; expects trading suspension on April 16

Motus GI Holdings, Inc.

Received Nasdaq notice on April 5, 2024, for bid price below $1 for 30 consecutive days.
Not eligible for compliance period due to reverse stock splits with cumulative ratio 250:1 or more in prior two years.
Does not intend to appeal; expects trading suspension on Nasdaq effective April 16, 2024.
Common stock to quote on OTC Pink Market; plans to apply for OTCQB listing.
Continuing to explore strategic and financing alternatives to maximize stockholder value.

Key facts

Extracted from this filing and checked against the source text.

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

Motus GI Holdings, Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)(iv)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)(iv)

Exact text from the filing

April 5, 2024, Motus GI Holdings, Inc., a Delaware corporation (the “Company”), received a notification letter (the “Letter”) from the Listing Qualifications Staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Staff had determined that the bid price of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), had closed at less than $1 per share over the previous 30 consecutive business days, and, as a result, does not comply with Listing Rule 5550(a)(2). The Letter indicated that, as a result of the 1:20 reverse stock split effected on July 25

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Source: SEC EDGAR

accession 0001493152-24-014324

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