ENGLOBAL CORP: Nasdaq/NYSE listing notice — ENGlobal receives Nasdaq delisting notice for equity rule non-compliance; stock to trade on OTC

ENGLOBAL CORP

Received Nasdaq notice for failure to regain compliance with minimum shareholders' equity rule (Listing Rule 5550(b)).
Trading of common stock suspended on Nasdaq at open on December 6, 2024.
Stock expected to begin trading on OTC Markets under symbol 'ENGC' on December 6, 2024.
Company has 15 days to request review of Panel's decision by Nasdaq Listing and Hearing Review Council.
Cannot predict impact on liquidity of common stock after transfer.

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

ENGLOBAL CORP received a nasdaq delisting notice notice regarding stockholders equity (rules 5550(b)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: stockholders equity
Rules: 5550(b)

Exact text from the filing

December 5, 2024, ENGlobal Corporation (the “Company) received written notice from The Nasdaq Stock Market (“Nasdaq”) indicating the Company failed to regain compliance with Listing Rule 5550(b), the minimum shareholders’ equity rule. The notice further indicates the Nasdaq Hearings Panel (the “Panel”) has determined to delist the Company’s common stock and that trading of the Company’s common stock will be suspended at the open of trading on December 6, 2024. As previously disclosed, on August 14, 2024, the Company received written notice from Nasdaq notifying the Company that the Panel had d

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Source: SEC EDGAR

accession 0001654954-24-015209

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