ADDVANTAGE TECHNOLOGIES GROUP INC: Nasdaq/NYSE listing notice — ADDvantage Technologies to be delisted from Nasdaq on Feb 13 after Chapter 7 bankruptcy

ADDVANTAGE TECHNOLOGIES GROUP INC

Company filed Chapter 7 bankruptcy on Feb 1, 2024; Nasdaq cited public interest concerns and residual equity risk.
Trading of AEY common stock suspended at opening on Feb 13, 2024; Form 25-NSE to follow.
Company will not appeal the delisting determination.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 1.0

ADDVANTAGE TECHNOLOGIES GROUP INC received a nasdaq deficiency notice notice regarding other (rules 5101, 5110(b), IM-5101-1).

Exchange: nasdaq
Notice: deficiency notice
Rules: 5101, 5110(b), IM-5101-1

Exact text from the filing

February 2, 2024, the Company received a letter from the staff of the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company and the Chapter 7 trustee that the Staff has, in accordance with Listing Rules 5101, 5110(b), and IM-5101-1, determined that the Company’s securities will be delisted from Nasdaq based on the following factors: (i) on January 31, 2024, the Company entered the Bankruptcy Filing and the associated public interest concerns raised by such filing; (ii) concerns regarding the residual equity interest of the existing list

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Source: SEC EDGAR

accession 0001628280-24-003250

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