Electriq Power Holdings, Inc.: Nasdaq/NYSE listing notice — Electriq Power receives NYSE delisting notice; trading suspended immediately

Electriq Power Holdings, Inc.

NYSE commenced delisting proceedings for ELIQ common stock due to average market cap below $15M over 30 trading days.
Trading suspended immediately on Jan 16, 2024; company plans to appeal within 10 business days.
If delisted, stock expected to trade OTC under same symbol; OTC market is less liquid, likely depresses price.
Delisting does not affect business operations or SEC reporting obligations.

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

Electriq Power Holdings, Inc. received a nyse delisting notice notice regarding market value (rules 802.01B).

Exchange: nyse
Notice: delisting notice
Deficiency: market value
Rules: 802.01B

Exact text from the filing

that the Common Stock is no longer suitable for listing because the Company had fallen below the NYSE’s continued listing standard that requires listed companies to maintain an average global market capitalization over a consecutive 30 trading day period of at least $15,000,000, pursuant to Section 802.01B of the NYSE Listed Company Manual. NYSE Regulation indicated that it will apply to the U.S. Securities and Exchange Commission (the “SEC”) to delist the Common Stock upon completion of all applicable procedures, which provide, among other things, that the Company has the right to appeal NYSE

View on SEC.gov

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Source: SEC EDGAR

accession 0001827871-24-000005

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