Mobiquity Technologies, Inc. (MOBQ): Nasdaq/NYSE listing notice — Mobiquity Tech receives Nasdaq delisting notice for failing equity requirement; plans appeal

Mobiquity Technologies, Inc.

On June 1, 2023, Nasdaq notified Mobiquity that it failed to meet the $2.5M minimum stockholders' equity requirement for continued listing (Rule 5550(b)).
Company had been granted extension until May 30, 2023, but did not comply; now faces delisting unless appeal to Hearings Panel succeeds.
Mobiquity intends to submit a hearing request, which will stay delisting action pending conclusion of hearing process and any extension.
If delisted, trading liquidity and stock price could suffer materially; company's ability to raise capital may be impaired.

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

Mobiquity Technologies, Inc. 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

June 1, 2023, the Company received a delist determination letter from the Staff advising the Company that the Staff had determined that the Company did not meet the terms of the extension. The Company intends to submit a hearing request to the Nasdaq Hearings Panel (the “ Panel ”), which request will stay any delisting action by the Staff at least until the hearing process concludes and any extension granted by the Panel expires. At the Panel hearing, the Company intends to present a plan to regain compliance with the minimum stockholders’ equity requirement. In the interim, the Company’s comm

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Mobiquity Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-23-003855

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