Collective Audience announced its common stock will be suspended from Nasdaq Global Market trading effective August 16, 2024, following a Nasdaq Hearings Panel determination. The company will temporarily trade on OTC Markets' Pink Open Market while pursuing potential appeals and has a pending application for the OTCQB Market.Despite being current with SEC reporting and completing two acquisitions, Nasdaq denied the company's request for a grace period to transition to Nasdaq Capital Market, citing the market price drop from November 2023's deSPAC as the deciding factor. The company has 15 days to appeal the decision to the Nasdaq Listing and Hearing Review Council.The company remains optimistic about its future, projecting positive EBITDA in 2024 with expected pro forma revenues exceeding $7.5 million. Collective Audience plans to maintain SEC filing compliance and continue following Nasdaq corporate governance requirements while trading on the OTC Markets platform.

Collective Audience announced its common stock will be suspended from Nasdaq Global Market trading effective August 16, 2024, following a Nasdaq Hearings Panel determination. The company will temporarily trade on OTC Markets' Pink Open Market while pursuing potential appeals and has a pending application for the OTCQB Market.Despite being current with SEC reporting and completing two acquisitions, Nasdaq denied the company's request for a grace period to transition to Nasdaq Capital Market, citing the market price drop from November 2023's deSPAC as the deciding factor. The company has 15 days to appeal the decision to the Nasdaq Listing and Hearing Review Council.The company remains optimistic about its future, projecting positive EBITDA in 2024 with expected pro forma revenues exceeding $7.5 million. Collective Audience plans to maintain SEC filing compliance and continue following Nasdaq corporate governance requirements while trading on the OTC Markets platform.