La Rosa Holdings Corp. (LRHC): Nasdaq/NYSE listing notice — La Rosa Holdings receives Nasdaq delisting notice for MVLS below $35M

La Rosa Holdings Corp.

Nasdaq notified LRHC on Nov 24, 2023 it no longer meets Listing Rule 5550(b)(2) requiring minimum market value of listed securities of $35M.
Company has 180 days (until May 22, 2024) to regain compliance by closing MVLS at $35M for 10 consecutive business days.
Failure to regain compliance may result in delisting; Company may appeal to a Nasdaq Hearings Panel.
Stock ticker LRHC; market value deficiency cited based on 30 consecutive business day review.

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

La Rosa Holdings Corp. received a nasdaq deficiency notice notice regarding market value (rules 5550(b)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5550(b)(2)

Exact text from the filing

November 24, 2023, the staff of The Nasdaq Stock Market LLC (“Nasdaq”) notified La Rosa Holdings Corp., a Nevada corporation (the “ Company ”), that it no longer meets Nasdaq Listing Rule 5550(b)(2) (the “ Rule ”) requiring the Company to maintain a minimum market value of listed securities (“ MVLS ”) of $35 million. The notice was based on a review of the Company’s MVLS for the past 30 consecutive business days. Nasdaq’s listing rules provide the Company with a compliance period of 180 calendar days, or until May 22, 2024, in which to regain compliance. If at any time during this compliance p

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La Rosa Holdings Corp. filing history →

Source: SEC EDGAR

accession 0001575872-23-001827

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