Spark Networks SE: Nasdaq/NYSE listing notice — Spark Networks receives Nasdaq delisting notice over equity deficit; will appeal

Spark Networks SE

Nasdaq denied continued listing due to stockholders' deficit of ~$6.8M vs $2.5M minimum and bid price below $1.
Company will appeal by June 28, 2023, which automatically stays suspension pending a hearing.
If appeal fails, ADS suspension on June 30 and Form 25-NSE delisting filing will follow.
Company previously disclosed non-compliance on April 12, 2023; submitted a plan that was denied.

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 0.9

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

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

Exact text from the filing

which requires that a listed company’s stockholders’ equity be at least $2.5 million. As reported on its Form 10-K, the Company reported stockholders’ deficit of approximately $(6,786,000). In addition, as of April 18, 2023, the Company did not meet the alternative compliance standards relating to the market value of listed securities or net income from continuing

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Source: SEC EDGAR

accession 0001628280-23-023201

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