Summary by Futu AI
Collective Audience, Inc., a Delaware-incorporated company listed on the Nasdaq Global Market under the trading symbol CAUD, has received a delisting notice from Nasdaq due to non-compliance with certain listing requirements. The company failed to meet the minimum market value of listed securities and the minimum market value of publicly held shares, and did not timely file its Annual Report for the fiscal year ended December 31, 2023, and its Quarterly Report for the quarter ended March 31, 2024. Collective Audience was given until June 19, 2024, to regain compliance but was unable to do so. The company received the delisting notice on June 24, 2024, and plans to appeal the decision and request a stay of suspension pending the appeal, which must be submitted by July 1, 2024. If the appeal is not filed, the company's common stock will be suspended on July 3, 2024. The company also intends to file the overdue financial reports by early July 2024. The delisting could have significant negative impacts on the company's stock liquidity and its ability to raise capital.