Summary by Futu AI
On April 19, 2024, XBP Europe Holdings, Inc. received a notification from Nasdaq's Listing Qualifications Staff indicating that the company's market value of publicly held shares (MVPHS) had fallen below the required $15 million for continued listing on the Nasdaq Global Market for thirty consecutive business days. This notice does not immediately affect the company's listing or trading but serves as a warning of non-compliance with Nasdaq Listing Rule 5450(b)(2)(C). XBP Europe Holdings has been given 180 days, until October 16, 2024, to regain compliance by ensuring the MVPHS is at or above $15 million for at least ten consecutive business days. If the company fails to meet this requirement, it risks delisting but may appeal or transfer its listing to the Nasdaq Capital Market if it meets those requirements. The company is considering its options and there is no guarantee that it will achieve compliance within the given timeframe.