MGO Global Inc.: Nasdaq/NYSE listing notice — MGO Global receives Nasdaq delisting notice; appeals hearing granted

MGO Global Inc.

Nasdaq notified MGO on April 17, 2024, that it failed to regain compliance with minimum bid price rule after 180-day period.
Company also does not meet the $5,000,000 minimum stockholders' equity requirement for initial listing on Nasdaq Capital Market.
MGO requested a hearing on April 18, which was granted, allowing continued trading under symbol MGOL pending panel decision.
If no appeal, delisting would begin April 26, 2024; Form 25-NSE would be filed to remove securities from Nasdaq.

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 0.95

MGO Global Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2)).

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

Exact text from the filing

April 17, 2024, MGO Global, Inc. (the “Company”) received a notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that 180 calendar day period that it had been provided by Nasdaq to regain compliance with Nasdaq Listing Rule 5550(a)(2) on April 16, 2024 without the Company regaining compliance and is not eligible for a second 180 day period, because the Company does not meet the $5,000,000 minimum stockholders’ equity requirement for initial listing on The Nasdaq Capital Market. In addition, the Notice informed the Company

View on SEC.gov

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

MGO Global Inc. received a nasdaq delisting notice notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

April 17, 2024, MGO Global, Inc. (the “Company”) received a notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that 180 calendar day period that it had been provided by Nasdaq to regain compliance with Nasdaq Listing Rule 5550(a)(2) on April 16, 2024 without the Company regaining compliance and is not eligible for a second 180 day period, because the Company does not meet the $5,000,000 minimum stockholders’ equity requirement for initial listing on The Nasdaq Capital Market. In addition, the Notice informed the Company

View on SEC.gov

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Source: SEC EDGAR

accession 0001493152-24-015691

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