Xos, Inc. (XOS): Nasdaq/NYSE listing notice — Xos transfers Nasdaq listing to Capital Market after bid price deficiency; gains extra 180 days to comply

Xos, Inc.

Received deficiency letter Dec 28, 2022 for bid price below $1.00; original compliance deadline was June 26, 2023.
Approved to transfer Common Stock (XOS) and Warrants (XOSWW) to Nasdaq Capital Market effective June 29, 2023.
Granted additional 180-day grace period until Dec 26, 2023 to regain minimum $1.00 bid price for 10 consecutive days.
Company notified Nasdaq it will implement a reverse stock split to regain compliance.
Failure to comply by Dec 26, 2023 could lead to delisting, with possible appeal to Nasdaq Hearings Panel.

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

Xos, Inc. received a nasdaq extension granted notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: extension granted
Deficiency: minimum bid price
Rules: 5450(a)(1), 5810(c)(3)(A)

Exact text from the filing

June 27, 2023, the Company received approval from the Listing Qualifications Department of Nasdaq to transfer the listing of the Common Stock and Warrants from the Nasdaq Global Market to the Nasdaq Capital Market (the “Approval”). The Company’s securities will be transferred to the Nasdaq Capital Market at the opening of business on June 29, 2023. The Common Stock will continue to trade under the symbol “XOS” and the Warrants will continue to trade under the symbol “XOSWW.” The Nasdaq Capital Market operates in substantially the same manner as the Nasdaq Global Market, but with less stringent

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Xos, Inc. filing history →

Source: SEC EDGAR

accession 0001819493-23-000170

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