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ECD Automotive Design Inc. has received a notification from The Nasdaq Stock Market on March 7, 2024, indicating that the company does not meet the minimum Market Value of Publicly Held Shares (MVPHS) of $15 million required for continued listing on The Nasdaq Global Market. This notice follows a previous warning received on February 14, 2024, concerning non-compliance with the market value of listed securities (MVLS) requirement. The company has until September 3, 2024, to submit a plan to regain compliance for MVPHS and until August 12, 2024, for MVLS. ECD Automotive Design is considering various options, including transferring its securities to The Nasdaq Capital Market, which has less stringent listing requirements. However, there is no certainty that the company will achieve compliance with Nasdaq's listing standards or successfully transfer its listing.
ECD Automotive Design Inc. has received a notification from The Nasdaq Stock Market on March 7, 2024, indicating that the company does not meet the minimum Market Value of Publicly Held Shares (MVPHS) of $15 million required for continued listing on The Nasdaq Global Market. This notice follows a previous warning received on February 14, 2024, concerning non-compliance with the market value of listed securities (MVLS) requirement. The company has until September 3, 2024, to submit a plan to regain compliance for MVPHS and until August 12, 2024, for MVLS. ECD Automotive Design is considering various options, including transferring its securities to The Nasdaq Capital Market, which has less stringent listing requirements. However, there is no certainty that the company will achieve compliance with Nasdaq's listing standards or successfully transfer its listing.
ECD Automotive Design Inc.已於2024年3月7日收到納斯達克股票市場的通知,表明該公司未達到繼續在納斯達克全球市場上市所需的1500萬美元公開持股股票(MVPHS)的最低市值。該通知是在此前於2024年2月14日收到的關於不遵守上市證券市值(MVLS)要求的警告之後發佈的。該公司必須在2024年9月3日之前提交恢復MVPHS合規性的計劃,並在2024年8月12日之前提交MVLS合規的計劃。ECD Automotive Design正在考慮各種選擇,包括將其證券轉讓給上市要求不那麼嚴格的納斯達克資本市場。但是,尚不確定該公司是否會遵守納斯達克的上市標準或成功轉讓其上市。
ECD Automotive Design Inc.已於2024年3月7日收到納斯達克股票市場的通知,表明該公司未達到繼續在納斯達克全球市場上市所需的1500萬美元公開持股股票(MVPHS)的最低市值。該通知是在此前於2024年2月14日收到的關於不遵守上市證券市值(MVLS)要求的警告之後發佈的。該公司必須在2024年9月3日之前提交恢復MVPHS合規性的計劃,並在2024年8月12日之前提交MVLS合規的計劃。ECD Automotive Design正在考慮各種選擇,包括將其證券轉讓給上市要求不那麼嚴格的納斯達克資本市場。但是,尚不確定該公司是否會遵守納斯達克的上市標準或成功轉讓其上市。
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