Movella Holdings Inc.: Nasdaq/NYSE listing notice — Movella receives Nasdaq notice for delayed Q3 10-Q; 60 days to submit compliance plan

Movella Holdings Inc.

Nasdaq notice on Nov 16, 2023 for non-compliance with Listing Rule 5250(c)(1) due to late Form 10-Q.
Company has until Jan 16, 2024 to submit plan; possible extension to May 13, 2024.
Delayed filing caused by Audit Committee review of restatements for Q1 and Q2 2023.
No immediate impact on listing; no assurance of regaining compliance.
Previously disclosed restatements in Nov 14, 2023 8-K.

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

Movella Holdings Inc. received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: late filing
Rules: 5250(c)(1)

Exact text from the filing

November 16, 2023, the Company received a written notice (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company was not in compliance with Nasdaq’s Listing Rule 5250(c)(1) because the Company did not timely file its Quarterly Report. Under Nasdaq rules, the Company now has 60 calendar days (until January 16, 2024) to submit a plan to regain compliance. If Nasdaq accepts the Company’s plan, Nasdaq can grant an exception of up to 180 calendar days from the Quarterly Report’s original due date, which 180-day period would end on May 13, 2024, to regain compliance. T

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Source: SEC EDGAR

accession 0001628280-23-039342

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