MGO Global Inc.: Nasdaq/NYSE listing notice — MGO Global receives Nasdaq delisting notice for low bid price; requests hearing, merger vote Feb 14

MGO Global Inc.

Nasdaq notified MGO on Feb 6, 2025 of non-compliance with $1.00 minimum bid price; delisting set for Feb 18 absent hearing request.
Company requested hearing on Feb 12, 2025, automatically staying delisting pending panel decision and potential extension.
MGO is ineligible for 180-day cure period due to prior reverse stock split on July 18, 2024.
Special meeting on Feb 14, 2025 to vote on business combination with Heidmar; if approved, new entity to trade as HMR.
Board unanimously recommends voting FOR the transaction; no assurance of regaining compliance or panel granting extension.

Key facts

Extracted from this filing and checked against the source text.

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

MGO Global Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)(iv)).

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

Exact text from the filing

February 6, 2025, MGO Global Inc., a Delaware corporation (the “ Company ”), received a written notice (the “ Notice ”) from The Nasdaq Stock Market LLC (“ Nasdaq ”) notifying the Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) due to the Company’s common stock not maintaining a closing bid price of at least $1.00 per share for a period of 30 consecutive business days. The Notice has no immediate effect on the listing of the Company’s common stock on The Nasdaq Capital Market. The Company effected a reverse stock split on

View on SEC.gov

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

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

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

Exact text from the filing

February 6, 2025, MGO Global Inc., a Delaware corporation (the “ Company ”), received a written notice (the “ Notice ”) from The Nasdaq Stock Market LLC (“ Nasdaq ”) notifying the Company that it is not in compliance wit

View on SEC.gov

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Source: SEC EDGAR

accession 0001493152-25-006186

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