XBP Global Holdings, Inc. (XBP): Nasdaq/NYSE listing notice — XBP Europe receives Nasdaq deficiency notice for MVPHS below $15M

XBP Global Holdings, Inc.

On April 19, 2024, Nasdaq notified XBP that MVPHS had been under $15M for 30 consecutive business days.
Company has 180 days (until October 16, 2024) to regain compliance with MVPHS >= $15M for 10 consecutive days.
Non-compliance may lead to delisting; the company may appeal or request transfer to the Nasdaq Capital Market.
XBP will monitor MVPHS and evaluate available options but gives no assurance of regaining compliance.

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 0.99

XBP Global Holdings, Inc. received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(C)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5450(b)(2)(C)

Exact text from the filing

April 19, 2024, XBP Europe Holdings, Inc., a Delaware corporation (the “Company”), received a letter (the “Letter”) from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”). The Letter notified the Company that for the thirty (30) consecutive business days prior to the date of the Letter, the Company’s market value of publicly held shares (“MVPHS”) was below the $15 million required for continued listing on the Nasdaq Global Market (the “Nasdaq Global”) and therefore, the Company no longer meets Nasdaq Listing Rule 5450(b)(2)(C) (the “MVPHS Requirement”). The Letter is o

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Source: SEC EDGAR

accession 0001558370-24-005581

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