Bird Global, Inc.: Nasdaq/NYSE listing notice — Bird Global receives NYSE delisting notice for low market cap; appeals, will trade OTC

Bird Global, Inc.

NYSE notified Bird on Sept 22, 2023 of delisting due to average global market cap below $15M over 30 days.
Trading suspended Sept 25, 2023; Bird intends to appeal within 10 business days.
Company expects Class A common stock and warrants to trade on OTCQX under BRDS and BRDSW.
Bird believes current market cap does not reflect intrinsic value; cites Spin acquisition as key to cash flow positive plan.

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 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

23. Beginning September 25, 2023, trading of the Securities was suspended. NYSE Regulation’s staff decided to delist the Securities because the Company failed to maintain an average global market capitalization of at least $15,000,000 over a consecutive 30 trading day period, as required by Section 802.01B of the NYSE Listed Company Manual. The Company has a right to appeal this determination, provided that it files a written request for such review within ten business days after receiving the Notice. The Company’s board of directors (the “Board”) intends to appeal the NYSE’s determination to

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Source: SEC EDGAR

accession 0001861449-23-000202

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