Bird Global, Inc.: Nasdaq/NYSE listing notice — Bird Global receives NYSE non-compliance notice for market cap <$50M; plans to submit business plan

Bird Global, Inc.

NYSE notified Bird on May 23, 2023 that average market cap below $50M over 30 trading days.
No immediate delisting; Bird must submit a business plan by July 5, 2023 to regain compliance.
Bird has 18 months from notice to achieve compliance with NYSE continued listing standard.
Class A common stock (BRDS) continues trading on NYSE during cure period.

item 3.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

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

Bird Global, Inc. received a nyse deficiency notice notice regarding market value (rules 802.01C).

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

Exact text from the filing

May 23, 2023, Bird Global, Inc. (“Bird” or the “Company”) was notified by the New York Stock Exchange (the “NYSE”) that it is not in compliance with Section 802.01C of the NYSE Listed Company Manual because the Company’s average market capitalization is less than $50 million over a 30 trading-day period. The notice does not result in the immediate delisting of Bird’s Class A Common Stock from the NYSE. The Company plans to notify the NYSE by July 5, 2023 with a business plan that demonstrates compliance with this continued listing standard within 18 months. The Company’s Class A common stock w

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Source: SEC EDGAR

accession 0001861449-23-000141

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