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Sunworks, Inc., a company listed on The Nasdaq Capital Market, has announced through a Form 8-K filing with the SEC that it and three of its subsidiaries have ceased operations and filed for Chapter 7 bankruptcy on February 6, 2024. Following the bankruptcy filing, Nasdaq notified Sunworks on the same day that its common stock will be delisted. The suspension of trading on Nasdaq is set to occur no later than February 15, 2024. The delisting is in accordance with Nasdaq Listing Rule 5110(b), which allows for the suspension or termination of a company's listing if it files for bankruptcy protection or announces liquidation. Sunworks has also been non-compliant with Nasdaq's minimum bid price requirement, as per Listing Rule 5550(a)(2), which mandates a minimum closing bid price of $1.00 per share. Jeoffrey Burtch has been appointed as the Chapter 7 trustee for the bankruptcy proceedings.
Sunworks, Inc., a company listed on The Nasdaq Capital Market, has announced through a Form 8-K filing with the SEC that it and three of its subsidiaries have ceased operations and filed for Chapter 7 bankruptcy on February 6, 2024. Following the bankruptcy filing, Nasdaq notified Sunworks on the same day that its common stock will be delisted. The suspension of trading on Nasdaq is set to occur no later than February 15, 2024. The delisting is in accordance with Nasdaq Listing Rule 5110(b), which allows for the suspension or termination of a company's listing if it files for bankruptcy protection or announces liquidation. Sunworks has also been non-compliant with Nasdaq's minimum bid price requirement, as per Listing Rule 5550(a)(2), which mandates a minimum closing bid price of $1.00 per share. Jeoffrey Burtch has been appointed as the Chapter 7 trustee for the bankruptcy proceedings.
在納斯達克資本市場上市的公司Sunworks, Inc. 通過向美國證券交易委員會提交的8-K表格宣佈，它及其三家子公司已停止運營，並於2024年2月6日申請第7章破產。申請破產後，納斯達克在同一天通知Sunworks，其普通股將退市。納斯達克將不遲於2024年2月15日暫停交易。除名符合納斯達克上市規則5110（b），該規則允許在公司申請破產保護或宣佈清算時暫停或終止其上市。根據上市規則5550（a）（2），Sunworks也沒有遵守納斯達克的最低出價要求，該規則規定最低收盤價爲每股1.00美元。傑弗裏·伯奇被任命爲破產程序的第7章受託人。
在納斯達克資本市場上市的公司Sunworks, Inc. 通過向美國證券交易委員會提交的8-K表格宣佈，它及其三家子公司已停止運營，並於2024年2月6日申請第7章破產。申請破產後，納斯達克在同一天通知Sunworks，其普通股將退市。納斯達克將不遲於2024年2月15日暫停交易。除名符合納斯達克上市規則5110（b），該規則允許在公司申請破產保護或宣佈清算時暫停或終止其上市。根據上市規則5550（a）（2），Sunworks也沒有遵守納斯達克的最低出價要求，該規則規定最低收盤價爲每股1.00美元。傑弗裏·伯奇被任命爲破產程序的第7章受託人。
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