Nixxy, Inc. (NIXX): Nasdaq/NYSE listing notice — Recruiter.com receives Nasdaq delisting notice for bid price non-compliance; hearing requested

Nixxy, Inc.

Received delisting notice on May 18, 2023 for failing to regain $1.00 bid price compliance by May 17, 2023.
Ineligible for second 180-day period because stockholders' equity under $5M initial listing requirement.
Common stock (RCRT) and warrants (RCRTW) subject to delisting from Nasdaq.
Submitted hearing request on May 23, 2023; delisting stayed pending panel conclusion.
Will present compliance plan at hearing but no assurance of continued listing.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

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

Nixxy, Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2), 5560(a)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5560(a)

Exact text from the filing

May 18, 2023, the Company received a notification letter (the “Notification”) from the Staff stating that the Company did not regain compliance with the Minimum Bid Price Requirement and was not eligible for a second 180-day period because it did not meet the Nasdaq Capital Market’s minimum $5,000,000 stockholders’ equity initial listing requirement. Pursuant to the Notification, the Company’s common stock is subject to delisting from Nasdaq, and, subsequently, the Company’s warrants no longer qualify for listing under Listing Rule 5560(a). On May 23, 2023 the Company submitted a hearing reque

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Nixxy, Inc. filing history →

Source: SEC EDGAR

accession 0001654954-23-007154

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