お知らせ • Oct 13
Spark Networks SE Provides Delisting Update On October 11, 2023, The Nasdaq Stock Market (“Nasdaq”) announced that it would delist the securities of Spark Networks SE (the “Company”). As previously disclosed, the Company’s American Depositary Shares (“ADS”) were suspended on September 8, 2023 and have not been traded on Nasdaq since that time. The Company’s ADSs currently trade on the OTCQX Best Market under the ticker symbol “LOVLY”. On October 12, 2023, Nasdaq filed a Form 25 with the Securities and Exchange Commission to complete the delisting. The delisting becomes effective ten days after the Form 25 is filed. お知らせ • Sep 09
Nasdaq Determines to Delist Spark Networks's ADSs from the Nasdaq Stock Market On September 6, 2023, Spark Networks SE (the ‘Company’) received a notification from The Nasdaq Stock Market LLC (‘Nasdaq’) that Nasdaq has determined to delist the Company’s ADSs from the Nasdaq Stock Market and, accordingly, will suspend trading the Company’s ADSs effective at the open of business on September 7, 2023. The Company expects that Nasdaq will also file a Form 25-NSE with the Securities and Exchange Commission to delist the Company from the Nasdaq Stock Market. On September 7, 2023, the Company announced that it expects to have its ADSs quoted on the OTCQX ® Best Market tier of the OTC Markets Group Inc. (the ‘OTCQX’), an electronic quotation service operated by OTC Markets Group Inc., on September 8, 2023 under the trading symbol ‘LOVLY.’ As previously disclosed, on April 12, 2023, the company received a letter (the ‘Nasdaq Staff Deficiency Letter’) from The Nasdaq Stock Market LLC (‘Nasdaq’) indicating that the Company’s stockholders’ equity as reported in its Annual Report on Form 10-K for the fourth quarter and year ended December 31, 2022 (the ‘Form 10-K’), did not satisfy the continued listing requirement under Nasdaq Listing Rule 5550(b)(1) for the Nasdaq Capital Market, which requires that a listed company’s stockholders’ equity be at least $2.5 million. As reported on its Form 10-K, the Company reported stockholders’ deficit of approximately $(6,786,000). In addition, as of April 18, 2023, the Company did not meet the alternative compliance standards relating to the market value of listed securities or net income from continuing operations. The Company is also not currently in compliance with the Nasdaq continued listing requirement that the Company maintain a bid price for the Company’s American Depositary Shares (‘ADS’) of above $1.00 per share. Subsequent to the receipt of the Nasdaq Staff Deficiency Letter, and prior to the deadline set in such letter, the Company submitted a plan to regain compliance with Nasdaq listing Rule 5550(b)(1) to Nasdaq. On June 21, 2023, the Company received a notice (the ‘Notice’) from the Listing Qualifications Department of Nasdaq. The Notice advised the Company that based on Staff’s review and the materials submitted by the Company on June 5, 2023, the Staff has determined to deny the Company’s request for continued listing on The Nasdaq Capital Market. On June 22, 2023, after evaluating its options with respect to the Staff’s determination, the Company submitted an appeal to the Nasdaq Hearings Panel (the ‘Hearings Panel’), which automatically stayed the suspension of trading and subsequent delisting of the Company’s ADSs pending the Hearings Panel’s decision. お知らせ • Aug 10
Spark Networks SE announced delayed 10-Q filing On 08/09/2023, Spark Networks SE announced that they will be unable to file their next 10-Q by the deadline required by the SEC. お知らせ • Aug 08
Spark Networks SE to Report Q2, 2023 Results on Aug 14, 2023 Spark Networks SE announced that they will report Q2, 2023 results After-Market on Aug 14, 2023 お知らせ • Jul 24
Spark Networks SE, Annual General Meeting, Sep 01, 2023 Spark Networks SE, Annual General Meeting, Sep 01, 2023, at 14:00 Central European Standard Time. Location: The offices of Morgan Lewis & Bockius LLP Königinstraße 9 Munich Germany Agenda: To consider presentation of the adopted annual financial statements, the approved consolidated financial statements and the combined management report of spark networks se and the group for the year ended 31 December 2022 as well as the report of the administrative board for the financial year 2022; to consider resolution on the discharge of the managing directors for the financial year 2022; to consider resolution on the discharge of the members of the administrative board for the financial year 2022; to consider appointment of the auditor for the financial statements and for the consolidated financial statements for the financial year 2023 as well as for review of interim financial reports and ratification of independent registered public accounting firm; to consider resolution on the reduction of the size of the administrative board and election of the members of the administrative board; to consider advisory vote on executive compensation; and to consider other matters. Board Change • Jun 26
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CFO & Executive Director Kristie Goodgion was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.