regulatory
confidence high
sentiment negative
materiality 0.85
AppTech Payments receives Nasdaq deficiency notice for failure to meet $2.5M equity minimum
AppTech Payments Corp.
- Nasdaq notified AppTech that stockholders' equity fell below the $2.5M minimum for continued listing.
- Company has until Oct 7, 2024 to submit a plan to regain compliance with Listing Rule 5550(b)(1).
- If plan accepted, Nasdaq may grant up to 180-day extension to evidence compliance.
- No immediate effect on trading; APCX and APCXW continue on Nasdaq Capital Market.
- Company intends to submit a compliance plan but cannot assure regaining compliance.