Spark Networks SE: Nasdaq/NYSE listing notice — Spark Networks delisted from Nasdaq; expects OTCQX trading under LOVLY on Sept 8

Spark Networks SE

Nasdaq notified Spark Networks on Sept 6, 2023 to delist; trading suspended at open Sept 7.
ADSs expected to trade on OTCQX Best Market starting Sept 8, 2023 under symbol LOVLY.
Delisting due to failure to meet continued listing rules: stockholders' equity below $2.5M and bid price below $1.00.
Company's appeal to Nasdaq Hearings Panel was denied; prior compliance plan was rejected.

item 3.01 item 8.01 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 delisting notice notice regarding other (rules 5550(b)(1)).

Exchange: nasdaq
Notice: delisting notice
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 0001628280-23-031731

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