Empery Digital Inc. (EMPD): Nasdaq/NYSE listing notice — Volcon receives Nasdaq deficiency notices for MVLS <$35M and bid price <$1.00

Empery Digital Inc.

MVLS deficiency: 180-day compliance period ends Jan 2, 2024; must close at $35M+ for 10 consecutive days.
Bid price deficiency: 180-day compliance period ends Jan 2, 2024; must close at $1.00+ for 10 consecutive days.
Failure to cure MVLS or bid price could lead to delisting; company may appeal to Nasdaq Hearings Panel.
Bid price non-compliance may allow a second 180-day period if other listing requirements are met.
Company may consider reverse stock split to regain bid price 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

Empery Digital Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

July 6, 2023, the Company received a letter (the “July 6 Letter”) from the Staff notifying the Company that the minimum closing bid price per share for its common stock was below $1.00 for a period of 30 consecutive business days and that the Company did not meet the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”). The July 6 Letter does not have any immediate effect on the listing of the Company’s common stock on the Nasdaq Capital Market. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days, o

View on SEC.gov

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Empery Digital Inc. received a nasdaq deficiency notice notice regarding market value (rules 5550(b)(2), 5550(b)(1), 5550(b)(3)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5550(b)(2), 5550(b)(1), 5550(b)(3)

Exact text from the filing

July 5, 2023, Volcon, Inc. (the “Company”) received a letter (the “July 5 Letter”) from the staff of the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”), which notified the Company that it does not presently comply with Nasdaq’s Listing Rule 5550(b)(2), which requires that the Company maintain a Market Value of Listed Securities (“MVLS”) of $35 million, and that the Company also does not otherwise satisfy the requirements of Listing Rules 5550(b)(1) and 5550(b)(3). The Staff calculates MVLS based upon the most recent Total Shares Outstanding (TSO), mul

View on SEC.gov

Browse all listing & compliance notices →

Empery Digital Inc. filing history →

Source: SEC EDGAR

accession 0001683168-23-004753

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.