Movella Holdings Inc.: Nasdaq/NYSE listing notice — Movella receives Nasdaq delisting notice for bid price below $1.00 for 30 days

Movella Holdings Inc.

Notice received Oct 2, 2023; stock bid price below $1.00 for 30 consecutive business days.
Company has 180 calendar days (until April 1, 2024) to regain compliance.
To cure, closing bid price must be at least $1.00 for 10 consecutive business days.
If not compliant by April 1, may transfer to Nasdaq Capital Market for additional 180-day period.
Failure to regain compliance could result in delisting from Nasdaq Global Market.

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 0.95

Movella Holdings Inc. received a nasdaq noncompliance notice notice regarding minimum bid price (rules 5450(a)(1)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: minimum bid price
Rules: 5450(a)(1)

Exact text from the filing

October 2, 2023, Movella Holdings Inc. (“the Company”) received a notice from The Nasdaq Stock Market LLC (“Nasdaq”) that the Company is not in compliance with Nasdaq’s Listing Rule 5450(a)(1), as the minimum closing bid price of the Company’s common stock has been below $1.00 per share for 30 consecutive business days. The notification of noncompliance has no immediate effect on the listing or trading of the Company’s common stock on The Nasdaq Global Market. The Company has 180 calendar days, or until April 1, 2024, to regain compliance with the minimum bid price requirement. To regain compl

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Source: SEC EDGAR

accession 0001628280-23-033972

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