Global System Dynamics, Inc.: Nasdaq/NYSE listing notice — Global System Dynamics receives Nasdaq delisting notice for MVLS non-compliance; plans appeal

Global System Dynamics, Inc.

Received Nasdaq notice on Oct 4, 2023, for failing to regain compliance with $35M MVLS requirement.
180-day grace period to regain compliance ended Oct 2, 2023; company did not meet the standard.
Company will request a hearing before Nasdaq Panel by Oct 11, 2023, to stay delisting.
Securities will remain listed on Nasdaq pending the hearing and Panel decision.
No assurance that appeal will succeed or that compliance will be regained.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Global System Dynamics, Inc. received a nasdaq delisting notice notice regarding market value (rules 5550(b)(2)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: market value
Rules: 5550(b)(2)

Exact text from the filing

October 4, 2023, the Company received written notification (the “Notification”) from Nasdaq stating that the Company had not regained compliance with the Market Value Standard. Pursuant to the Notification, the Securities are subject to delisting from Nasdaq pending the Company’s opportunity to request a hearing before the Nasdaq Hearings Panel (the “Panel”). The Company intends to diligently pursue an appeal of the Notification before the Panel and regain compliance with the Rule. Under Nasdaq rules, the delisting of the Securities will be stayed during the pendency of the appeal and during s

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Source: SEC EDGAR

accession 0001731122-23-001837

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