Mobiquity Technologies, Inc. (MOBQ): Nasdaq/NYSE listing notice — Mobiquity receives Nasdaq hearing notice for bid price non-compliance; stock continues trading

Mobiquity Technologies, Inc.

Nasdaq letter dated July 13, 2023, states bid-price deficiency will be considered at hearing; company to present compliance plan.
Company must meet $1.00 minimum bid price for 10 consecutive days and $2.5M stockholders' equity to regain compliance.
Common stock (MOBQ) and warrants (MOBQW) continue trading on Nasdaq pending hearing process conclusion.
No assurance that the Panel will accept the plan or that the company can regain compliance; delisting risk remains.

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

Mobiquity Technologies, Inc. received a nasdaq hearing update notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: hearing update
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

July 13, 2023, the Company received a letter from the Nasdaq Stock Market that the Company’s failure to meet the minimum bid price will be considered at its upcoming hearing at which time the Company will present a plan to both meet the minimum bid price and to meet the minimum $2.5 million stockholders’ equity requirement for continued listing. In the interim, the Company’s common stock will continue to trade on Nasdaq under the symbol “ MOBQ ” and our common stock purchase warrants will continue to trade on Nasdaq under the symbol “MOBQW” at least pending the ultimate conclusion of the heari

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Mobiquity Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-23-004938

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