Empery Digital Inc. (EMPD): Nasdaq/NYSE listing notice — Volcon receives Nasdaq delisting determination after stock closed at or below $0.10 for 10 days; plans appeal

Empery Digital Inc.

On Dec 19, Nasdaq notified Volcon of non-compliance with minimum bid price ($1.00) over 30 consecutive business days.
On Dec 26, Nasdaq determined to delist Volcon's common stock as closing bid price was $0.10 or less for 10 consecutive trades.
Trading suspension scheduled for Jan 4, 2024 unless an appeal is filed; Volcon plans to request a hearing to stay delisting.
Previous compliance period granted through June 17, 2024 is superseded by the $0.10 threshold trigger.

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), 5810(c)(3)(A), 5810(c)(3)(A)(iii)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A), 5810(c)(3)(A)(iii)

Exact text from the filing

December 26, 2023, the Company was notified by the Staff that it had determined that the Company’s common stock had a closing bid price of $0.10 or less for ten consecutive trading days from December 11, 2023 through December 22, 2023. Pursuant to Listing Rule 5810(c)(3)(A)(iii), if during the Bid Price Compliance Period, a listed security has a closing bid price of $0.10 or less for ten consecutive trading days, the Staff shall proceed with a Staff delisting determination. Pursuant to the new deficiency letter, the Staff notified that the Company that it had determined to delist the Company’s

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Empery Digital Inc. filing history →

Source: SEC EDGAR

accession 0001683168-23-009109

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