Eightco Regains Compliance with Nasdaq Listing Requirements
Eightco Holdings Inc. (NASDAQ: OCTO) has announced its regained compliance with Nasdaq's listing requirements. The company received formal notice from Nasdaq confirming compliance with both the minimum bid price requirement and the stockholders' equity requirement.
To meet the bid price requirement, Eightco's common stock maintained a closing bid price above $1.00 for the last 20 consecutive trading days, exceeding the minimum 10-day requirement. For the equity requirement, the company reported stockholders' equity of $13,428,553 in its Q2 2024 10-Q filing, surpassing the required minimum of $2,500,000.
As a result of regaining compliance, Eightco's common stock will continue to trade on The Nasdaq Capital Market under the symbol OCTO.
Eightco Holdings Inc. (NASDAQ: OCTO) ha annunciato di aver riacquisito la conformità ai requisiti di quotazione di Nasdaq. L'azienda ha ricevuto una comunicazione formale da Nasdaq che conferma il rispetto sia del requisito di prezzo di offerta minimo che del requisito patrimoniale degli azionisti.
Per soddisfare il requisito del prezzo di offerta, le azioni ordinarie di Eightco hanno mantenuto un prezzo di chiusura superiore a $1.00 per gli ultimi 20 giorni di negoziazione consecutivi, superando il requisito minimo di 10 giorni. Per quanto riguarda il requisito patrimoniale, l'azienda ha riportato un patrimonio netto degli azionisti di $13,428,553 nella sua dichiarazione 10-Q per il Q2 2024, superando il minimo richiesto di $2,500,000.
Di conseguenza, dopo aver riconquistato la conformità, le azioni ordinarie di Eightco continueranno a essere quotate sul Nasdaq Capital Market con il simbolo OCTO.
Eightco Holdings Inc. (NASDAQ: OCTO) ha anunciado que ha recuperado su cumplimiento con los requisitos de cotización de Nasdaq. La compañía recibió un aviso formal de Nasdaq confirmando el cumplimiento tanto con el requisito de precio mínimo de oferta como con el requisito de patrimonio de los accionistas.
Para cumplir con el requisito del precio de oferta, las acciones ordinarias de Eightco mantuvieron un precio de cierre superior a $1.00 durante los últimos 20 días de negociación consecutivos, superando el requisito mínimo de 10 días. En cuanto al requisito de patrimonio, la compañía reportó un patrimonio de los accionistas de $13,428,553 en su presentación 10-Q del Q2 2024, superando el mínimo requerido de $2,500,000.
Como resultado de recuperar el cumplimiento, las acciones ordinarias de Eightco continuarán cotizando en el Nasdaq Capital Market bajo el símbolo OCTO.
Eightco Holdings Inc. (NASDAQ: OCTO)는 Nasdaq의 상장 요건을 다시 충족했음을 발표했습니다. 회사는 최소 입찰 가격 요건과 주주 자본 요건을 모두 준수하고 있다는 확인 서신을 Nasdaq으로부터 받았습니다.
입찰 가격 요건을 충족하기 위해, Eightco의 보통주는 최근 20일 연속 거래일 동안 $1.00 이상의 종가를 유지하여 최소 10일 요건을 초과했습니다. 자본 요건의 경우, 회사는 2024년 2분기 10-Q 제출서류에서 $13,428,553의 주주 자본을 보고하여 필요 최소 금액인 $2,500,000를 초과했습니다.
준수를 재확인한 결과, Eightco의 보통주는 OCTO 기호 아래 Nasdaq Capital Market에서 계속 거래될 것입니다.
Eightco Holdings Inc. (NASDAQ: OCTO) a annoncé avoir retrouvé sa conformité avec les exigences de cotation de Nasdaq. La société a reçu un avis formel de Nasdaq confirmant sa conformité avec à la fois l'exigence de prix d'offre minimal et celle du capital des actionnaires.
Pour répondre à l'exigence du prix d'offre, les actions ordinaires d'Eightco ont maintenu un prix de clôture supérieur à 1,00 $ pendant les 20 derniers jours de négociation consécutifs, dépassant l'exigence minimale de 10 jours. Pour l'exigence de capital, l'entreprise a déclaré un capital des actionnaires de 13.428.553 $ dans son rapport 10-Q pour le 2e trimestre 2024, dépassant le minimum requis de 2.500.000 $.
En conséquence, après avoir retrouvé sa conformité, les actions ordinaires d'Eightco continueront de se négocier sur le Nasdaq Capital Market sous le symbole OCTO.
Eightco Holdings Inc. (NASDAQ: OCTO) hat bekannt gegeben, dass das Unternehmen die Anforderungen für die Nasdaq-Notierung wieder erfüllt. Das Unternehmen erhielt eine formelle Benachrichtigung von Nasdaq, die die Einhaltung sowohl der Mindestgebotspreisanforderung als auch der Eigenkapitalanforderung der Aktionäre bestätigt.
Um die Gebotspreisanforderung zu erfüllen, hat die Stammaktie von Eightco in den letzten 20 aufeinanderfolgende Handelstagen einen Schlussgebotspreis von über 1,00 USD gehalten und damit die Mindestanforderung von 10 Tagen übertroffen. Für die Eigenkapitalanforderung berichtete das Unternehmen in seinem 10-Q-Bericht für das 2. Quartal 2024 über ein Eigenkapital der Aktionäre von 13.428.553 USD, was die erforderliche Mindesthöhe von 2.500.000 USD übersteigt.
Durch die Wiederherstellung der Konformität wird die Stammaktie von Eightco weiterhin an der Nasdaq Capital Market unter dem Symbol OCTO gehandelt.
- Regained compliance with Nasdaq's minimum bid price requirement
- Regained compliance with Nasdaq's stockholders' equity requirement
- Reported stockholders' equity of $13,428,553, exceeding the $2,500,000 minimum
- Maintained closing bid price above $1.00 for 20 consecutive trading days
- Continued listing on The Nasdaq Capital Market
- None.
Insights
Eightco Holdings' regaining compliance with Nasdaq's listing requirements is a positive development for the company. This news alleviates the immediate risk of delisting, which could have severely impacted investor confidence and stock liquidity. The company has demonstrated its ability to maintain a share price above
The reported stockholders' equity of
While this news removes a significant overhang on the stock, it's important to remember that maintaining compliance is an ongoing requirement. Investors should monitor the company's future performance and stock price to ensure sustained compliance.
Easton, PA, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) (the “Company” or “Eightco”) today announced that the Company received formal notice from The Nasdaq Stock Market LLC ("Nasdaq") that the Company has regained compliance with Nasdaq's minimum bid price requirement (the “Bid Price Requirement”) set forth in Nasdaq Listing Rule 5550(a)(2), as well as Nasdaq’s stockholders’ equity requirement (“Equity Requirement”) set forth in Nasdaq Listing Rule 5550(b)(1).
To regain compliance with the Bid Price Requirement, the Company's Common Stock was required to maintain a minimum closing bid price of
The notice also indicated that the Company had reported stockholders’ equity of
The Company's Common Stock will continue to trade on The Nasdaq Capital Market tier of Nasdaq under the symbol "OCTO".
About Eightco
Eightco (NASDAQ: OCTO) is committed to growth of its subsidiaries, made up of Forever 8, an inventory capital and management platform for e-commerce sellers, and Ferguson Containers, Inc., a provider of complete manufacturing and logistical solutions for product and packaging needs, through strategic management and investment. In addition, the Company is actively seeking new opportunities to add to its portfolio of technology solutions focused on the e-commerce ecosystem through strategic acquisitions. Through a combination of innovative strategies and focused execution, Eightco aims to create significant value and growth for its portfolio companies and stockholders.
For additional information, please visit www.8co.holdings
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements of historical fact could be deemed forward looking. Words such as “plans,” “expects,” “will,” “anticipates,” “continue,” “expand,” “advance,” “develop” “believes,” “guidance,” “target,” “may,” “remain,” “project,” “outlook,” “intend,” “estimate,” “could,” “should,” and other words and terms of similar meaning and expression are intended to identify forward-looking statements, although not all forward-looking statements contain such terms. Forward-looking statements are based on management’s current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: Eightco’s ability to maintain compliance with the Nasdaq’s continued listing requirements; unexpected costs, charges or expenses that reduce Eightco’s capital resources; Eightco’s inability to raise adequate capital to fund its business; Eightco’s inability to innovate and attract users for Eightco’s products; future legislation and rulemaking negatively impacting digital assets; and shifting public and governmental positions on digital asset mining activity. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. For a discussion of other risks and uncertainties, and other important factors, any of which could cause Eightco’s actual results to differ from those contained in forward-looking statements, see Eightco’s filings with the Securities and Exchange Commission (the “SEC”), including in its Annual Report on Form 10-K filed with the SEC on April 1, 2024. All information in this press release is as of the date of the release, and Eightco undertakes no duty to update this information or to publicly announce the results of any revisions to any of such statements to reflect future events or developments, except as required by law.
For further information, please contact:
Investor Relations
investors@8co.holdings
FAQ
What Nasdaq listing requirements did Eightco Holdings (OCTO) regain compliance with?
How long did Eightco's (OCTO) stock maintain a closing bid price above $1.00?
What was Eightco's (OCTO) reported stockholders' equity in Q2 2024?
Will Eightco (OCTO) continue to trade on Nasdaq after regaining compliance?
