UNICO AMERICAN CORP: Nasdaq/NYSE listing notice — Unico American transfers listing to Nasdaq Capital Market after failing MVPHS requirement

UNICO AMERICAN CORP

Nasdaq approved transfer of stock listing to Nasdaq Capital Market effective March 29, 2023.
Company failed to maintain $5M minimum Market Value of Publicly Held Shares (MVPHS) for Global Market listing.
New listing tier requires minimum MVPHS of $1M; stock continues trading under symbol UNAM.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

UNICO AMERICAN CORP received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(1)(C), 5810(c)(3)(D)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5450(b)(1)(C), 5810(c)(3)(D)

Exact text from the filing

September 22, 2022 indicating that the Company was not in compliance with the requirement of a minimum Market Value of Publicly Held Shares (“MVPHS”) of $5,000,000 for continued listing on the Nasdaq Global Market, as set forth in Nasdaq Listing Rule 5450(b)(1)(C). Nasdaq calculates MVPHS by subtracting from the total shares of common stock outstanding any shares held by officers, directors or any person who beneficially owns more than 10% of the total shares outstanding. In accordance with Nasdaq Listing Rule 5810(c)(3)(D), the Company was provided a period of 180 calendar days, or until Marc

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Source: SEC EDGAR

accession 0001654954-23-004052

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