Virgin Orbit Holdings, Inc.: Nasdaq/NYSE listing notice — Virgin Orbit receives Nasdaq delisting notice; trading suspended April 13

Virgin Orbit Holdings, Inc.

Nasdaq commenced proceedings to delist VORB common stock and VORBW warrants due to Chapter 11 bankruptcy filing on April 4, 2023.
Nasdaq also cited failure to file 10-K for fiscal year ended December 31, 2022.
Trading in VORB and VORBW will be suspended at the open on April 13, 2023; company will appeal but suspension remains.
If appeal fails, Nasdaq will file Form 25 to remove securities from listing and registration.
Company can provide no assurance appeal will be successful.

Key facts

Extracted from this filing and checked against the source text.

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

Virgin Orbit Holdings, Inc. received a nasdaq delisting notice notice regarding other (rules 5101, 5110(b), IM-5101-1, 5250(c)(1)).

Exchange: nasdaq
Notice: delisting notice
Rules: 5101, 5110(b), IM-5101-1, 5250(c)(1)

Exact text from the filing

April 4, 2023, Virgin Orbit Holdings, Inc. (the “Company”) was notified by the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) that Nasdaq had determined to commence proceedings to delist the Company’s common stock, par value $0.0001 par per share (the “Common Stock”), and the Company’s warrants to purchase Common Stock (the “Warrants”) from Nasdaq. Nasdaq reached its decision that the Company is no longer suitable for listing pursuant to Nasdaq Listing Rules 5101, 5110(b), and IM‐5101-1 as a result of the Company’s commencement of voluntary proceedings under Chapte

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Source: SEC EDGAR

accession 0001628280-23-011190

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