INSEEGO CORP. (INSG): Nasdaq/NYSE listing notice — Inseego receives Nasdaq delisting notice; appeals with reverse split plan

INSEEGO CORP.

Nasdaq notified Inseego on Sep 21, 2023, of non-compliance with $1 minimum bid price requirement; delisting determination issued.
Inseego filed a hearing request on Sep 22, 2023, stayed delisting; hearing set for Nov 2, 2023.
Company committed to a reverse stock split (1-for-5 to 1-for-10) by Mar 1, 2024 if needed to regain compliance; shareholder approval already obtained.

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

INSEEGO CORP. received a nasdaq delisting notice notice regarding minimum bid price.

Exchange: nasdaq
Notice: delisting notice
Deficiency: minimum bid price

Exact text from the filing

September 21, 2023, the Company received a letter from Nasdaq stating that the Company had not regained compliance with the Minimum Bid Price Requirement by the required Compliance Date and, as a result, the Company’s Common Stock is subject to delisting. The Company submitted a hearing request to Nasdaq to appeal the delisting determination on September 22, 2023, which has automatically stayed the delisting of the Company’s Common Stock from The Nasdaq Global Select Market pending a decision from a Nasdaq listing qualifications hearings panel (the “Panel”) decision. In response, Nasdaq set a

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2 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

INSEEGO CORP. filing history →

Source: SEC EDGAR

accession 0001683168-23-006718

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