SpringBig Holdings, Inc. (SBIG): Nasdaq/NYSE listing notice — SpringBig receives Nasdaq delisting notice for MVLS non-compliance, plans hearing

SpringBig Holdings, Inc.

Nasdaq Staff notified SpringBig on March 7, 2023 of delisting for failure to maintain minimum MVLS under Rule 5450(b)(2).
Company had a 180-day grace period through March 6, 2023 but did not evidence compliance.
SpringBig plans to request a hearing before Nasdaq Hearings Panel to stay delisting.
No guarantee that Panel will grant continued listing or any extension.

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 0.95

SpringBig Holdings, Inc. received a nasdaq delisting notice notice regarding market value (rules 5450(b)(2)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: market value
Rules: 5450(b)(2)

Exact text from the filing

March 7, 2023, SpringBig Holdings, Inc. (the “Company”) received formal notice from the Listing Qualifications Staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company’s securities were subject to delisting due to the Company’s continued non-compliance with the minimum market value of listed securities (“MVLS”) requirement set forth in Nasdaq Listing Rule 5450(b)(2) (the “MVLS Rule”) unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the “Panel”). The Company plans to timely request a hearing before the Panel, which request will stay

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SpringBig Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001801602-23-000017

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