OMNIQ Corp. (OMQS): Nasdaq/NYSE listing notice — Nasdaq determines to delist OMNIQ common stock; trading suspended May 7, 2024

OMNIQ Corp.

Nasdaq Panel notified OMNIQ on May 3, 2024, of delisting decision; shares suspended at open on May 7.
Delisting due to failure to maintain minimum $35M market value of listed securities (MVLS) requirement.
Company held a hearing on April 11, 2024, but Panel upheld the Staff's delisting determination.
Company expects to trade on OTC Pink under symbol OMQS; has submitted application to list on OTCQX.
Company has 15 days to request review by Nasdaq Listing and Hearing Review Council.

item 3.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

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

OMNIQ Corp. received a nasdaq deficiency notice notice regarding market value (rules 5550(b)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5550(b)(2), 5810(c)(3)(A)

Exact text from the filing

May 3, 2024, The Nasdaq Stock Market LLC (“Nasdaq”) notified OMNIQ Corp. (the “Company”) that the Nasdaq Hearings Panel (the “Panel”) has determined to delist the Company’s common stock and that trading of the Company’s securities will be suspended at the open of trading on May 7, 2024. As previously reported, on August 9, 2023, Nasdaq Listing Qualifications Staff (the “Staff”) notified the Company that it no longer complied with the minimum $35 million market value of listed securities (“MVLS”) required for continued listing as set forth in Listing Rule 5550(b)(2). In accordance with Listing

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OMNIQ Corp. filing history →

Source: SEC EDGAR

accession 0001493152-24-018237

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