regulatory
confidence high
sentiment negative
materiality 0.75
AppTech Payments gets Nasdaq continued listing with conditions; must meet equity and bid price by deadlines
AppTech Payments Corp.
- Nasdaq Panel granted continued listing; must demonstrate ≥$2.5M stockholders' equity by March 31, 2025.
- Company must file public disclosure of equity transactions and provide fundraising plan/income projections by March 31, 2025.
- Minimum bid price of $1.00 must be regained by May 5, 2025; no further extension available.
- Previous non-compliance with bid price and equity rules led to delisting notice in November 2024; hearing held January 14, 2025.
- Nasdaq Listing Council may review Panel decision within 45 days; company will be notified if review occurs.