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ECD Automotive Design Announces Nasdaq Delisting Notification
ECD Automotive Design (NASDAQ: ECDA) has received a delisting notice from Nasdaq due to failure to comply with the $50,000,000 market value of listed securities (MVLS) requirement. The company was initially notified on February 14, 2024, and given 180 days to regain compliance. However, as of August 13, 2024, ECDA had not met the requirement.
Unless ECDA appeals by August 20, 2024, trading of its common stock and warrants will be suspended on August 22, 2024. The company intends to request an appeal before the Nasdaq Hearings Panel, which will stay any suspension or delisting action pending the hearing.
ECD Automotive Design (NASDAQ: ECDA) has received a delisting notice from Nasdaq due to failure to comply with the $50,000,000 market value of listed securities (MVLS) requirement. The company was initially notified on February 14, 2024, and given 180 days to regain compliance. However, as of August 13, 2024, ECDA had not met the requirement.
Unless ECDA appeals by August 20, 2024, trading of its common stock and warrants will be suspended on August 22, 2024. The company intends to request an appeal before the Nasdaq Hearings Panel, which will stay any suspension or delisting action pending the hearing.
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