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8-K: Current report

SEC ·  Aug 15 16:47

Summary by Moomoo AI

Collective Audience, Inc., a Delaware-incorporated company listed on the Nasdaq Stock Market under the trading symbol CAUD, has been notified of its delisting from the Nasdaq Global Market. The delisting notice, received on August 14, 2024, follows previous warnings from the Nasdaq Qualifications Department regarding non-compliance with listing requirements, specifically the failure to timely file financial reports and maintain minimum market value thresholds. Despite the company's efforts to regain compliance by filing all delinquent reports and maintaining Nasdaq corporate governance standards, the Nasdaq Hearings Panel has decided to suspend trading of Collective Audience's common stock at the open of business on August 16, 2024. The company is considering an appeal to the Nasdaq Listing and Hearing Review Council but acknowledges...Show More
Collective Audience, Inc., a Delaware-incorporated company listed on the Nasdaq Stock Market under the trading symbol CAUD, has been notified of its delisting from the Nasdaq Global Market. The delisting notice, received on August 14, 2024, follows previous warnings from the Nasdaq Qualifications Department regarding non-compliance with listing requirements, specifically the failure to timely file financial reports and maintain minimum market value thresholds. Despite the company's efforts to regain compliance by filing all delinquent reports and maintaining Nasdaq corporate governance standards, the Nasdaq Hearings Panel has decided to suspend trading of Collective Audience's common stock at the open of business on August 16, 2024. The company is considering an appeal to the Nasdaq Listing and Hearing Review Council but acknowledges that an appeal will not stay the delisting decision. In the interim, Collective Audience's stock will trade on the OTC Pink Market and the company intends to apply for quotation on the OTCQB Venture Market. Collective Audience remains committed to fulfilling all required SEC filings and has recently completed two acquisitions, expecting to generate positive EBITDA and revenues exceeding $7.5 million on a pro forma basis for 2024. CEO Peter Bordes expressed disagreement with the Nasdaq Panel's decision, emphasizing the company's compliance and recent progress.

This announcement is a separate document:

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