Sobr Safe warns Nasdaq listing at risk after equity falls below $2.5 million minimum
SOBR•Nasdaq flags equity deficiency
- Sobr Safe received a Nasdaq staff letter on Aug. 21 flagging stockholders’ equity below the $2.5 million minimum for Nasdaq Capital Market listing.
- The notice adds to an existing bid-price deficiency, raising the risk of delisting from Nasdaq.
- Nasdaq granted continued listing until Sept. 15, conditioned on completing a Clean World Ventures business combination and meeting initial listing standards.
- The company can submit its response on the equity shortfall to the Nasdaq Hearings Panel by Aug. 28.
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