AUDDIA INC. (AUUD): Nasdaq/NYSE listing notice — Auddia gets Nasdaq notice for equity deficiency; also faces bid price non-compliance

AUDDIA INC.

On May 23, 2023, Nasdaq notified Auddia that stockholders' equity of $2,095,247 as of Mar 31, 2023 was below the $2.5M minimum for continued listing.
Company must submit a compliance plan by July 7, 2023; if accepted, it may have until Nov 19, 2023 to cure the equity deficiency.
Separately, Auddia is also not compliant with the $1.00 minimum bid price rule, with a compliance deadline of Oct 23, 2023.
Auddia states the notices have no immediate impact on trading or business operations and intends to take all reasonable measures to regain compliance.

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 0.9

AUDDIA INC. received a nasdaq noncompliance notice notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

May 23, 2023, Auddia Inc (the “Company”) received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that it is not in compliance with Nasdaq Listing Rule 5550(b)(1), which requires companies listed on The Nasdaq Stock Market to maintain a minimum of $2,500,000 in stockholders’ equity for continued listing. In its quarterly report on Form 10-Q for the period ended March 31, 2023, the Company reported stockholders’ equity of $2,095,247, and, as a result, does not currently satisfy Listing Rule 5550(b)(1). Nasdaq’s letter has no immediate impact on the listing of the Company’s commo

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AUDDIA INC. filing history →

Source: SEC EDGAR

accession 0001683168-23-003720

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