Microvast Holdings, Inc. (MVST): Nasdaq/NYSE listing notice — Microvast receives Nasdaq deficiency notice for bid price below $1 per share

Microvast Holdings, Inc.

Nasdaq notified Microvast on March 26, 2024 that common stock bid price averaged under $1 for 30 consecutive trading days.
Company has 180 calendar days to cure the deficiency and regain compliance with the minimum bid price rule.
No immediate impact on trading of MVST common stock or MVSTW warrants; a non-compliance indicator added.
If compliance not shown within grace period, Nasdaq may delist; company can appeal to a Nasdaq Hearings Panel.
Company intends to monitor bid price and explore available options to regain compliance.

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

Microvast Holdings, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5450(a)(1)

Exact text from the filing

March 26, 2024, Microvast Holdings, Inc. (the “Company”) received written notice from Nasdaq notifying it tha t the average closing bid price of the Company’s shares of common stock was below the minimum closing bid price of $1 per share during the last 30 consecutive trading days, as required for continued listing on the Nasdaq under Rule 5450(a)(1) of Nasdaq’s listing rules (the “Rules”). The notice has no immediate impact on the listing of the Company’s common stock and warrants, which will continue to be listed and trade on Nasdaq subject to the Company’s continued compliance with the othe

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5 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

Microvast Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001760689-24-000009

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