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Cuentas | 25-NSE: Notification filed by national security exchange to report the removal from listing and registration of matured, redeemed or retired securities (and amendment thereto)

SEC announcement ·  Feb 15 21:57
Summary by Futu AI
Cuentas Inc., a company listed on the Nasdaq Stock Market LLC, is set to be removed from listing effective February 26, 2024. The decision for delisting was made after Nasdaq Staff reviewed the company's information and concluded that Cuentas no longer met the requirements for listing under Listing Rule 5550(b)(1). Cuentas was initially notified of this determination on October 3, 2023, and subsequently appealed to the Listing Qualifications Hearings Panel on October 10, 2023. However, the appeal was denied on December 18, 2023, and the company's securities were suspended on December 20, 2023. Cuentas did not further appeal the Panel's decision, nor was the decision called for review by the Nasdaq Listing and Hearing Review Council. As a result, the delisting became final on February 1, 2024.
Cuentas Inc., a company listed on the Nasdaq Stock Market LLC, is set to be removed from listing effective February 26, 2024. The decision for delisting was made after Nasdaq Staff reviewed the company's information and concluded that Cuentas no longer met the requirements for listing under Listing Rule 5550(b)(1). Cuentas was initially notified of this determination on October 3, 2023, and subsequently appealed to the Listing Qualifications Hearings Panel on October 10, 2023. However, the appeal was denied on December 18, 2023, and the company's securities were suspended on December 20, 2023. Cuentas did not further appeal the Panel's decision, nor was the decision called for review by the Nasdaq Listing and Hearing Review Council. As a result, the delisting became final on February 1, 2024.
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