Summary by Futu AI
On August 30, 2024, XBP Europe Holdings, Inc. received a Notification Letter from Nasdaq indicating that the company's Market Value of Listed Securities (MVLS) had fallen below the $50 million minimum required for continued listing on The Nasdaq Global Market for the past 30 consecutive business days. The notice is not an immediate threat to the company's listing but serves as a deficiency warning. XBP Europe Holdings has until February 26, 2025, to regain compliance with the MVLS Rule by maintaining an MVLS of $50 million or more for at least ten consecutive business days. The company has submitted an application to transfer its listing from The Nasdaq Global Market to The Nasdaq Capital Market on September 4, 2024, as a potential step to address the issue. However, there is no guarantee that the application will be approved or that the company will meet the continued listing requirements.