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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.
在纳斯达克资本市场上市的公司Sunworks, Inc. 通过向美国证券交易委员会提交的8-K表格宣布，它及其三家子公司已停止运营，并于2024年2月6日申请第7章破产。申请破产后，纳斯达克在同一天通知Sunworks，其普通股将退市。纳斯达克将不迟于2024年2月15日暂停交易。除名符合纳斯达克上市规则5110（b），该规则允许在公司申请破产保护或宣布清算时暂停或终止其上市。根据上市规则5550（a）（2），Sunworks也没有遵守纳斯达克的最低出价要求，该规则规定最低收盘价为每股1.00美元。杰弗里·伯奇被任命为破产程序的第7章受托人。
在纳斯达克资本市场上市的公司Sunworks, Inc. 通过向美国证券交易委员会提交的8-K表格宣布，它及其三家子公司已停止运营，并于2024年2月6日申请第7章破产。申请破产后，纳斯达克在同一天通知Sunworks，其普通股将退市。纳斯达克将不迟于2024年2月15日暂停交易。除名符合纳斯达克上市规则5110（b），该规则允许在公司申请破产保护或宣布清算时暂停或终止其上市。根据上市规则5550（a）（2），Sunworks也没有遵守纳斯达克的最低出价要求，该规则规定最低收盘价为每股1.00美元。杰弗里·伯奇被任命为破产程序的第7章受托人。
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