Electriq Power Holdings, Inc.: Nasdaq/NYSE listing notice — Electriq Power receives NYSE delisting notice for low market cap and stock price

Electriq Power Holdings, Inc.

NYSE notice on Nov 22, 2023 cites non-compliance with $50M avg market cap and $1.00 avg stock price.
Company has 45 days to submit a plan to cure market cap deficiency; 6 months for stock price cure.
Electriq intends to submit a plan to NYSE by Dec 7, 2023 to address non-compliance.
Listing continues during cure periods; business operations and SEC reporting unaffected.

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

Electriq Power Holdings, Inc. received a nyse deficiency notice notice regarding market value (rules 802.01B, 802.01C).

Exchange: nyse
Notice: deficiency notice
Deficiency: market value
Rules: 802.01B, 802.01C

Exact text from the filing

November 22, 2023, Electriq Power Holdings, Inc. (the “Company”) received written notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) that it was not in compliance with the continued listing standard set forth in Section 802.01B of the NYSE Listed Company Manual (the “Minimum Market Capitalization Standard”) because its average global market capitalization over a consecutive 30 trading-day period was less than $50.0 million and, at the same time, its last reported stockholders’ equity was less than $50.0 million. As set forth in the Notice, the Company also no longer satisfies

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Source: SEC EDGAR

accession 0001628280-23-040233

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