Babylon Holdings Ltd: Nasdaq/NYSE listing notice — Babylon receives NYSE delisting notice; will not cure; shares expected to move to OTC

Babylon Holdings Ltd

NYSE notified Babylon of non-compliance: avg market cap <$50M and share price <$1 over 30 days.
Company will not seek to regain compliance due to pending transaction transferring core ops.
Proposed Transaction with AlbaCore/MindMaze provides no payment to equity holders.
Expects immediate NYSE suspension, then delisting; shares to trade on OTC market.
Business operations unaffected; delisting does not impact Proposed Transaction.

item 3.01 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

Babylon Holdings Ltd received a nyse deficiency notice notice regarding other.

Exchange: nyse
Notice: deficiency notice

Exact text from the filing

June 28, 2023, the Company issued a press release regarding receipt of the Notice and its decision not to undertake actions to regain compliance with the NYSE continued listing standards. A copy of the press release is attached hereto as Exhibit 99.1. Forward-Looking Statements This Current Report on Form 8-K includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements

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Source: SEC EDGAR

accession 0001866390-23-000107

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