Forward Industries, Inc. (FWDI): Nasdaq/NYSE listing notice — Forward Industries receives Nasdaq delisting notice for bid price noncompliance; will request hearing

Forward Industries, Inc.

Received delisting notice on Jan 30, 2024 for failing to regain compliance with minimum bid price of $1.00 by Jan 29, 2024.
Company not eligible for second 180-day period due to noncompliance with minimum stockholders' equity initial listing requirement.
Will request a hearing before Nasdaq Hearings Panel; hearing request automatically stays suspension or delisting.
Panel may grant extension until July 29, 2024; no assurance of continued listing on Nasdaq.

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

Forward Industries, 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

January 30, 2024, the Company received notification that it had failed to regain compliance with the Rule and is not eligible for a second 180-day period because of its failure to comply with the minimum stockholders’ equity initial listing requirement. Unless the Company timely requests a hearing before an independent Nasdaq Hearings Panel (the “Panel”), the Company’s securities would be subject to delisting. Accordingly, the Company will request a hearing before the Panel. The hearing request will automatically stay any suspension or delisting action pending the hearing and the expiration of

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Forward Industries, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-24-000680

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