Rubicon Technologies, Inc.: Nasdaq/NYSE listing notice — Rubicon receives NYSE delisting notice for market cap and share price non-compliance

Rubicon Technologies, Inc.

Average global market cap below $50M and stockholders' equity below $50M triggered NYSE Section 802.01B non-compliance.
Average closing price below $1.00 over 30 trading days triggered NYSE Section 802.01C non-compliance.
Company has 45 days to submit a plan for market cap cure and six months for share price cure.
Stock continues to trade on NYSE during the cure periods, subject to other listing requirements.
Rubicon plans to notify NYSE by April 1, 2024 of intent to cure deficiencies.

Key facts

Extracted from this filing and checked against the source text.

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

Rubicon Technologies, Inc. received a nyse deficiency notice notice regarding market value (rules 802.01B, 802.01C, 802.02).

Exchange: nyse
Notice: deficiency notice
Deficiency: market value
Rules: 802.01B, 802.01C, 802.02

Exact text from the filing

March 18, 2024, Rubicon Technologies, Inc. (the “ Company ”) received written notice (the “ Notice ”) from the New York Stock Exchange (the “ NYSE ”) that it was not in compliance with the continued listing standard set forth in Section 802.01B of the NYSE Listed Company Manual (the “ Minimum Market Capitalization Standard ”) because its average global market capitalization over a consecutive 30 trading-day period was less than $50.0 million and, at the same time, its last reported stockholders’ equity was less than $50.0 million. As set forth in the Notice, the Company also no longer satisfie

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Source: SEC EDGAR

accession 0001829126-24-001816

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