regulatory
confidence high
sentiment negative
materiality 0.85
AppTech faces Nasdaq delisting for bid price non-compliance; appeals filed
AppTech Payments Corp.
- Received Nov 6, 2024 notice of delisting for failing to meet $1 minimum bid price requirement.
- Company timely requested a hearing before Nasdaq Hearings Panel on Nov 12, 2024.
- Also not in compliance with $2,500,000 minimum stockholders' equity requirement.
- If appeal not filed by Nov 13, trading would be suspended Nov 15; securities would be delisted.
- No assurance the company can regain or maintain compliance with Nasdaq listing criteria.