Spark Networks SE: Nasdaq/NYSE listing notice — Spark Networks receives Nasdaq delisting notices for equity deficit and bid price non-compliance

Spark Networks SE

Stockholders' deficit of approx. $(6.8M) vs. $2.5M minimum; 45 days (to May 30, 2023) to submit compliance plan.
ADS bid price below $1.00 for 30 consecutive business days; 180 days (to Oct 10, 2023) to cure bid price deficiency.
Company may seek up to 180-day extension from Nasdaq if compliance plan accepted; delisting risk if not cured.
Notices have no immediate effect on listing or SEC reporting requirements.

item 3.01 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

Spark Networks SE received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

April 12, 2023, Spark Networks SE (the “Company”) received a written notice from Nasdaq (the “Notice”) dated April 12, 2023, notifying the Company that it is no longer in compliance with the minimum stockholders’ equity requirement for continued listing on the Nasdaq Capital Market. Nasdaq Listing Rule 5550(b)(1) requires listed companies to maintain stockholders’ equity of at least $2.5 million. In the Company’s Annual Report on Form 10-K for the fourth quarter and year ended December 31, 2022, the Company reported stockholders’ deficit of approximately $(6,786,000), which is below the minimu

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Source: SEC EDGAR

accession 0001628280-23-011956

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