View Past PerformanceThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsFintech Ecosystem Development バランスシートの健全性財務の健全性 基準チェック /06Fintech Ecosystem Developmentの総株主資本は$-6.8M 、総負債は$707.0Kで、負債比率は-10.4%となります。総資産と総負債はそれぞれ$42.6Mと$49.4Mです。主要情報-10.37%負債資本比率US$706.96k負債インタレスト・カバレッジ・レシオn/a現金US$1.03kエクイティ-US$6.82m負債合計US$49.44m総資産US$42.62m財務の健全性に関する最新情報お知らせ • Jul 26Fintech Ecosystem Development Receives a Written Notice from the Staff of the Listing Qualifications Department of the Nasdaq Stock MarketOn July 19, 2024, Fintech Ecosystem Development Corp. received a written notice from the Staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC, notifying the Company that, for the last 30 consecutive business days, the Company’s Market Value of Listed Securities (“MVLS”) was below the minimum of $35 million required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(b)(2). The Staff also noted that the Company does not meet the requirements under Nasdaq Listing Rule 5550(b)(1) (Equity Standard: maintaining stockholders’ equity of at least $2.5 million) and Nasdaq Listing Rule 5550(b)(3) (Net Income Standard: maintaining net income from continuing operations of at least $500,000 in the most recently completed fiscal year or in two of the three most recently completed fiscal years). The Notice provided that, in accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company has a period of 180 calendar days from the date of the Notice, or until January 15, 2025, to regain compliance with the Market Value Standard. During this period, the Company’s securities will continue to trade on The Nasdaq Capital Market. To regain compliance with the Market Value Standard, the Company’s MVLS must close at $35 million or more for a minimum of ten consecutive business days during prior to the Compliance Date. If the Company does not regain compliance with the Market Value Standard by the Compliance Date, the Staff will provide a written notification to the Company that its securities are subject to delisting. At that time, the Company may appeal the Staff’s delisting determination to a Hearings Panel. The Company intends to monitor its MVLS between now and the Compliance Date, and may, if appropriate, evaluate available options to resolve the deficiency under the Market Value Standard and regain compliance with the Market Value Standard. The Company believes that it will be able to demonstrate that its securities comply with the Market Value Standard prior to the Compliance Date. However, there can be no assurance that the Company will be able to regain or maintain compliance.お知らせ • Dec 27Fintech Ecosystem Development Receives Written Notice from Nasdaq Due to Delay in Filing Form 10-QOn December 21, 2023, Fintech Ecosystem Development Corp. (the ‘Company’) received a written notice (the ‘Notice’) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (‘Nasdaq’) indicating that since the Company has not yet filed its Form 10-Q for the period ended September 30, 2023 (the ‘Form 10-Q’), the Company is no longer in compliance with Listing Rule 5250(c)(1) (the ‘Rule’), which requires the Company to timely file all required periodic financial reports with the U.S. Securities and Exchange Commission (the ‘SEC’). The Notice is only a notification of a deficiency and not a notification of imminent delisting. The Notice does not have a current effect on the listing or trading of the Company’s securities on the Nasdaq Capital Market. The Notice states that the Company, pursuant to the listing rules, has 60 calendar days to submit a plan to regain compliance. If Nasdaq accepts the Company’s plan, Nasdaq may grant the Company an extension of up to 180 calendar days from the Form 10-Q’s due date, or until May 13, 2024 to regain compliance with the Rule. If Nasdaq does not accept the Company’s plan, the Company will have the opportunity to appeal the decision in front of a Nasdaq Hearings Panel pursuant to Listing Rule 5815(a). The Company anticipates that it will file the Form 10-Q within the 60 calendar days, eliminating the applicability of submission of a plan to regain compliance.お知らせ • Nov 15Fintech Ecosystem Development Corp. announced delayed 10-Q filingOn 11/14/2023, Fintech Ecosystem Development Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.お知らせ • Aug 25Fintech Ecosystem Development Receives a Written Notice from the Staff of the Listing Qualifications Department of the Nasdaq Stock MarketOn August 21, 2023, Fintech Ecosystem Development Corp., received a written notice from the Staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC, notifying the Company that, for the last 30 consecutive business days, the Company’s Market Value of Listed Securities was below the minimum of $50 million required for continued listing on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(b)(2)(A). The Staff also noted that the Company does not meet the requirements under Nasdaq Listing Rule 5450(b)(3)(A) (Total Assets/Total Revenue Standard). The Notice provided that, in accordance with Nasdaq Listing Rule 5810(c)(3)(C) (the “Compliance Period Rule”), the Company has a period of 180 calendar days from the date of the Notice, or until February 20, 2024 (the “Compliance Date”), to regain compliance with the Market Value Standard. During this period, the Company’s securities will continue to trade on The Nasdaq Global Market. If the Company does not regain compliance with the Market Value Standard by the Compliance Date, the Staff will provide a written notification to the Company that its securities are subject to delisting. At that time, the Company may appeal the Staff’s delisting determination to a Hearings Panel (the “Panel”). The Company intends to monitor its MVLS between now and the Compliance Date, and may, if appropriate, evaluate available options to resolve the deficiency under the Market Value Standard and regain compliance with the Market Value Standard. The Company believes that it will be able to demonstrate that its securities comply with the Market Value Standard prior to February 20, 2024. However, there can be no assurance that the Company will be able to regain or maintain compliance.お知らせ • Aug 12Fintech Ecosystem Development Receives Letter from Nasdaq Stock Market LLC Regarding Non-Compliance with the Minimum 400 Total Holder RequirementOn August 10, 2023, Fintech Ecosystem Development Corp. received a letter from the Staff of the Listing Qualifications Department (the ‘Staff’) of the Nasdaq Stock Market LLC, stating that the Staff has determined that the Company has not complied with the requirements of the Nasdaq Listing Rules because the Company has not demonstrated that its securities comply with the minimum 400 Total Holder requirement. The letter from the Staff indicated that the Company has until September 25, 2023 to submit a plan to regain compliance. If Nasdaq does not accept the plan, the Company will have the opportunity to appeal the decision to a Nasdaq Hearings Panel (the ‘Panel’). The Company intends to timely regain compliance and to request the aforementioned hearing and appeal Nasdaq’s determination, which request will stay the suspension of the Company’s common stock and warrants and the filing by Nasdaq of a Form 25-NSE pending the Panel’s decision. The Company believes that it will be able to demonstrate that its common stock complies with the Total Holder Requirement prior to September 25, 2023. However, there can be no assurance that the Company will be able to satisfy the Total Holder Requirement prior to the hearing date or at all.お知らせ • May 26Fintech Ecosystem Development Corp. Receives Notice from NasdaqOn May 23, 2023, Fintech Ecosystem Development Corp. received a notice from the Staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC, stating that the Company is not in compliance with the continued listing standards of Nasdaq Capital Markets (the “Exchange”) under the timely filing criteria included in Listing Rule 5250(c)(1) because the Company failed to timely file with the Securities and Exchange Commission (the “SEC”) its Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 (the “Form 10-Q”). On May 24, 2023, the Company filed the Form 10-Q to cure the delinquency.すべての更新を表示Recent updatesお知らせ • Aug 21Fintech Ecosystem Development Corp.(NasdaqCM:FEXD) dropped from NASDAQ Composite IndexFintech Ecosystem Development Corp. has dropped from the NASDAQ Composite Index .New Risk • Aug 16New major risk - Financial data availabilityThe company's latest financial reports are more than a year old. Last reported fiscal period ended June 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported June 2023 fiscal period end). Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shares are highly illiquid. Negative equity (-US$6.8m). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (US$49.9m market cap).お知らせ • Jul 26Fintech Ecosystem Development Receives a Written Notice from the Staff of the Listing Qualifications Department of the Nasdaq Stock MarketOn July 19, 2024, Fintech Ecosystem Development Corp. received a written notice from the Staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC, notifying the Company that, for the last 30 consecutive business days, the Company’s Market Value of Listed Securities (“MVLS”) was below the minimum of $35 million required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(b)(2). The Staff also noted that the Company does not meet the requirements under Nasdaq Listing Rule 5550(b)(1) (Equity Standard: maintaining stockholders’ equity of at least $2.5 million) and Nasdaq Listing Rule 5550(b)(3) (Net Income Standard: maintaining net income from continuing operations of at least $500,000 in the most recently completed fiscal year or in two of the three most recently completed fiscal years). The Notice provided that, in accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company has a period of 180 calendar days from the date of the Notice, or until January 15, 2025, to regain compliance with the Market Value Standard. During this period, the Company’s securities will continue to trade on The Nasdaq Capital Market. To regain compliance with the Market Value Standard, the Company’s MVLS must close at $35 million or more for a minimum of ten consecutive business days during prior to the Compliance Date. If the Company does not regain compliance with the Market Value Standard by the Compliance Date, the Staff will provide a written notification to the Company that its securities are subject to delisting. At that time, the Company may appeal the Staff’s delisting determination to a Hearings Panel. The Company intends to monitor its MVLS between now and the Compliance Date, and may, if appropriate, evaluate available options to resolve the deficiency under the Market Value Standard and regain compliance with the Market Value Standard. The Company believes that it will be able to demonstrate that its securities comply with the Market Value Standard prior to the Compliance Date. However, there can be no assurance that the Company will be able to regain or maintain compliance.Board Change • Apr 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Robin Sue Meister was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.New Risk • Mar 03New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Negative equity (-US$6.8m). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (US$74.8m market cap).お知らせ • Dec 27Fintech Ecosystem Development Receives Written Notice from Nasdaq Due to Delay in Filing Form 10-QOn December 21, 2023, Fintech Ecosystem Development Corp. (the ‘Company’) received a written notice (the ‘Notice’) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (‘Nasdaq’) indicating that since the Company has not yet filed its Form 10-Q for the period ended September 30, 2023 (the ‘Form 10-Q’), the Company is no longer in compliance with Listing Rule 5250(c)(1) (the ‘Rule’), which requires the Company to timely file all required periodic financial reports with the U.S. Securities and Exchange Commission (the ‘SEC’). The Notice is only a notification of a deficiency and not a notification of imminent delisting. The Notice does not have a current effect on the listing or trading of the Company’s securities on the Nasdaq Capital Market. The Notice states that the Company, pursuant to the listing rules, has 60 calendar days to submit a plan to regain compliance. If Nasdaq accepts the Company’s plan, Nasdaq may grant the Company an extension of up to 180 calendar days from the Form 10-Q’s due date, or until May 13, 2024 to regain compliance with the Rule. If Nasdaq does not accept the Company’s plan, the Company will have the opportunity to appeal the decision in front of a Nasdaq Hearings Panel pursuant to Listing Rule 5815(a). The Company anticipates that it will file the Form 10-Q within the 60 calendar days, eliminating the applicability of submission of a plan to regain compliance.お知らせ • Nov 15Fintech Ecosystem Development Corp. announced delayed 10-Q filingOn 11/14/2023, Fintech Ecosystem Development Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.お知らせ • Aug 25Fintech Ecosystem Development Receives a Written Notice from the Staff of the Listing Qualifications Department of the Nasdaq Stock MarketOn August 21, 2023, Fintech Ecosystem Development Corp., received a written notice from the Staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC, notifying the Company that, for the last 30 consecutive business days, the Company’s Market Value of Listed Securities was below the minimum of $50 million required for continued listing on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(b)(2)(A). The Staff also noted that the Company does not meet the requirements under Nasdaq Listing Rule 5450(b)(3)(A) (Total Assets/Total Revenue Standard). The Notice provided that, in accordance with Nasdaq Listing Rule 5810(c)(3)(C) (the “Compliance Period Rule”), the Company has a period of 180 calendar days from the date of the Notice, or until February 20, 2024 (the “Compliance Date”), to regain compliance with the Market Value Standard. During this period, the Company’s securities will continue to trade on The Nasdaq Global Market. If the Company does not regain compliance with the Market Value Standard by the Compliance Date, the Staff will provide a written notification to the Company that its securities are subject to delisting. At that time, the Company may appeal the Staff’s delisting determination to a Hearings Panel (the “Panel”). The Company intends to monitor its MVLS between now and the Compliance Date, and may, if appropriate, evaluate available options to resolve the deficiency under the Market Value Standard and regain compliance with the Market Value Standard. The Company believes that it will be able to demonstrate that its securities comply with the Market Value Standard prior to February 20, 2024. However, there can be no assurance that the Company will be able to regain or maintain compliance.お知らせ • Aug 12Fintech Ecosystem Development Receives Letter from Nasdaq Stock Market LLC Regarding Non-Compliance with the Minimum 400 Total Holder RequirementOn August 10, 2023, Fintech Ecosystem Development Corp. received a letter from the Staff of the Listing Qualifications Department (the ‘Staff’) of the Nasdaq Stock Market LLC, stating that the Staff has determined that the Company has not complied with the requirements of the Nasdaq Listing Rules because the Company has not demonstrated that its securities comply with the minimum 400 Total Holder requirement. The letter from the Staff indicated that the Company has until September 25, 2023 to submit a plan to regain compliance. If Nasdaq does not accept the plan, the Company will have the opportunity to appeal the decision to a Nasdaq Hearings Panel (the ‘Panel’). The Company intends to timely regain compliance and to request the aforementioned hearing and appeal Nasdaq’s determination, which request will stay the suspension of the Company’s common stock and warrants and the filing by Nasdaq of a Form 25-NSE pending the Panel’s decision. The Company believes that it will be able to demonstrate that its common stock complies with the Total Holder Requirement prior to September 25, 2023. However, there can be no assurance that the Company will be able to satisfy the Total Holder Requirement prior to the hearing date or at all.お知らせ • May 26Fintech Ecosystem Development Corp. Receives Notice from NasdaqOn May 23, 2023, Fintech Ecosystem Development Corp. received a notice from the Staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC, stating that the Company is not in compliance with the continued listing standards of Nasdaq Capital Markets (the “Exchange”) under the timely filing criteria included in Listing Rule 5250(c)(1) because the Company failed to timely file with the Securities and Exchange Commission (the “SEC”) its Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 (the “Form 10-Q”). On May 24, 2023, the Company filed the Form 10-Q to cure the delinquency.お知らせ • May 16Fintech Ecosystem Development Corp. announced delayed 10-Q filingOn 05/15/2023, Fintech Ecosystem Development Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.お知らせ • Oct 22Fintech Ecosystem Development Corp. announced that it has received $1.15 million in funding from Revofast LLCOn October 21, 2022, Fintech Ecosystem Development Corp. closed the transaction.お知らせ • Sep 14Rana Financial, Inc. entered into a definitive agreement to acquire Fintech Ecosystem Development Corp. (NasdaqGM:FEXD) from Revofast LLC and others for $78.9 million.Rana Financial, Inc. entered into a definitive agreement to acquire Fintech Ecosystem Development Corp. (NasdaqGM:FEXD) from Revofast LLC and others for $78.9 million in a reverse merger transaction on September 9, 2022. FEXD shall pay a combination of Rana Cash Consideration of $7.8 million and Rana Equity Consideration of 7.02 million shares subject to adjustments for Working Capital and Debt, which adjustments shall be secured by an escrow amount equal to $5.7 million (the “ Rana Escrow Amount ”). In a related transaction, Fintech Ecosystem Development Corp. entered into a definitive agreement to acquire Mobitech International LLC (Afinoz) at an enterprise value of $120 million. A subsidiary of FEXD will be merged with and into Rana, and FEXD will purchase Afinoz, with Rana and Afinoz surviving the transactions as wholly-owned subsidiaries of FEXD. Upon closing the transactions, the combined company is expected to remain listed on the NASDAQ and trade under the existing ticker symbol "FEXD". The boards of directors of both FEXD, Rana and Afinoz have unanimously approved the proposed transactions, subject to, among other things, the approval by FEXD's stockholders, the shares of New Acquiror Class A Common Stock to be issued in connection with the Proposed Rana Transactions shall have been approved for listing on Nasdaq and satisfaction or waiver of the other conditions stated in the definitive documentation. The deal is expected to be completed in the first quarter of 2023. Constantine Petropoulos of Hughes Hubbard & Reed LLP is serving as legal advisor and Houlihan Capital is serving as financial advisors to FEXD. David Kretzmer of Kretzmer & Associates, PLLC is serving as legal advisor to Rana. EF Hutton, division of Benchmark Investments, LLC, is serving as capital markets advisor.お知らせ • Sep 13Fintech Ecosystem Development Corp. (NasdaqGM:FEXD) entered into a definitive agreement to acquire Rana Financial, Inc. at an enterprise value of $78 million.Fintech Ecosystem Development Corp. (NasdaqGM:FEXD) entered into a definitive agreement to acquire Rana Financial, Inc. at an enterprise value of $78 million on September 12, 2022. In a related transaction, Fintech Ecosystem Development Corp. entered into a definitive agreement to acquire Mobitech International LLC (Afinoz) at an enterprise value of $120 million. A subsidiary of FEXD will be merged with and into Rana, and FEXD will purchase Afinoz, with Rana and Afinoz surviving the transactions as wholly-owned subsidiaries of FEXD. Upon closing the transactions, the combined company is expected to remain listed on the NASDAQ and trade under the existing ticker symbol "FEXD". The boards of directors of both FEXD, Rana and Afinoz have unanimously approved the proposed transactions, which are expected to be completed in the first quarter of 2023, subject to, among other things, the approval by FEXD's stockholders and satisfaction or waiver of the other conditions stated in the definitive documentation. Hughes Hubbard & Reed LLP is serving as legal advisor and Houlihan Capital is serving as financial advisors to FEXD. David Kretzmer & Associates is serving as legal advisor to Rana. EF Hutton, division of Benchmark Investments, LLC, is serving as capital markets advisor.財務状況分析短期負債: FEXDは マイナスの株主資本 を有しており、これは 短期資産 が 短期負債 をカバーしていないことよりも深刻な状況です。長期負債: FEXDは株主資本がマイナスであり、これは短期資産が 長期負債 をカバーしていないことよりも深刻な状況です。デット・ツー・エクイティの歴史と分析負債レベル: FEXDは 株主資本がマイナス となっており、これは高い負債レベルよりも深刻な状況です。負債の削減: FEXDの株主資本はマイナスなので、時間の経過とともに負債が減少したかどうかを確認する必要はありません。債務返済能力: FEXDの 営業キャッシュフロー はマイナスであるため、負債は十分にカバーされていません。インタレストカバレッジ: FEXDの負債に対する 利息支払い が EBIT によって 十分にカバーされている かどうかを判断するにはデータが不十分です。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YDiversified-financials 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2024/08/20 07:06終値2024/08/20 00:00収益2023/06/30年間収益2022/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Fintech Ecosystem Development Corp. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
お知らせ • Jul 26Fintech Ecosystem Development Receives a Written Notice from the Staff of the Listing Qualifications Department of the Nasdaq Stock MarketOn July 19, 2024, Fintech Ecosystem Development Corp. received a written notice from the Staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC, notifying the Company that, for the last 30 consecutive business days, the Company’s Market Value of Listed Securities (“MVLS”) was below the minimum of $35 million required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(b)(2). The Staff also noted that the Company does not meet the requirements under Nasdaq Listing Rule 5550(b)(1) (Equity Standard: maintaining stockholders’ equity of at least $2.5 million) and Nasdaq Listing Rule 5550(b)(3) (Net Income Standard: maintaining net income from continuing operations of at least $500,000 in the most recently completed fiscal year or in two of the three most recently completed fiscal years). The Notice provided that, in accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company has a period of 180 calendar days from the date of the Notice, or until January 15, 2025, to regain compliance with the Market Value Standard. During this period, the Company’s securities will continue to trade on The Nasdaq Capital Market. To regain compliance with the Market Value Standard, the Company’s MVLS must close at $35 million or more for a minimum of ten consecutive business days during prior to the Compliance Date. If the Company does not regain compliance with the Market Value Standard by the Compliance Date, the Staff will provide a written notification to the Company that its securities are subject to delisting. At that time, the Company may appeal the Staff’s delisting determination to a Hearings Panel. The Company intends to monitor its MVLS between now and the Compliance Date, and may, if appropriate, evaluate available options to resolve the deficiency under the Market Value Standard and regain compliance with the Market Value Standard. The Company believes that it will be able to demonstrate that its securities comply with the Market Value Standard prior to the Compliance Date. However, there can be no assurance that the Company will be able to regain or maintain compliance.
お知らせ • Dec 27Fintech Ecosystem Development Receives Written Notice from Nasdaq Due to Delay in Filing Form 10-QOn December 21, 2023, Fintech Ecosystem Development Corp. (the ‘Company’) received a written notice (the ‘Notice’) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (‘Nasdaq’) indicating that since the Company has not yet filed its Form 10-Q for the period ended September 30, 2023 (the ‘Form 10-Q’), the Company is no longer in compliance with Listing Rule 5250(c)(1) (the ‘Rule’), which requires the Company to timely file all required periodic financial reports with the U.S. Securities and Exchange Commission (the ‘SEC’). The Notice is only a notification of a deficiency and not a notification of imminent delisting. The Notice does not have a current effect on the listing or trading of the Company’s securities on the Nasdaq Capital Market. The Notice states that the Company, pursuant to the listing rules, has 60 calendar days to submit a plan to regain compliance. If Nasdaq accepts the Company’s plan, Nasdaq may grant the Company an extension of up to 180 calendar days from the Form 10-Q’s due date, or until May 13, 2024 to regain compliance with the Rule. If Nasdaq does not accept the Company’s plan, the Company will have the opportunity to appeal the decision in front of a Nasdaq Hearings Panel pursuant to Listing Rule 5815(a). The Company anticipates that it will file the Form 10-Q within the 60 calendar days, eliminating the applicability of submission of a plan to regain compliance.
お知らせ • Nov 15Fintech Ecosystem Development Corp. announced delayed 10-Q filingOn 11/14/2023, Fintech Ecosystem Development Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
お知らせ • Aug 25Fintech Ecosystem Development Receives a Written Notice from the Staff of the Listing Qualifications Department of the Nasdaq Stock MarketOn August 21, 2023, Fintech Ecosystem Development Corp., received a written notice from the Staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC, notifying the Company that, for the last 30 consecutive business days, the Company’s Market Value of Listed Securities was below the minimum of $50 million required for continued listing on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(b)(2)(A). The Staff also noted that the Company does not meet the requirements under Nasdaq Listing Rule 5450(b)(3)(A) (Total Assets/Total Revenue Standard). The Notice provided that, in accordance with Nasdaq Listing Rule 5810(c)(3)(C) (the “Compliance Period Rule”), the Company has a period of 180 calendar days from the date of the Notice, or until February 20, 2024 (the “Compliance Date”), to regain compliance with the Market Value Standard. During this period, the Company’s securities will continue to trade on The Nasdaq Global Market. If the Company does not regain compliance with the Market Value Standard by the Compliance Date, the Staff will provide a written notification to the Company that its securities are subject to delisting. At that time, the Company may appeal the Staff’s delisting determination to a Hearings Panel (the “Panel”). The Company intends to monitor its MVLS between now and the Compliance Date, and may, if appropriate, evaluate available options to resolve the deficiency under the Market Value Standard and regain compliance with the Market Value Standard. The Company believes that it will be able to demonstrate that its securities comply with the Market Value Standard prior to February 20, 2024. However, there can be no assurance that the Company will be able to regain or maintain compliance.
お知らせ • Aug 12Fintech Ecosystem Development Receives Letter from Nasdaq Stock Market LLC Regarding Non-Compliance with the Minimum 400 Total Holder RequirementOn August 10, 2023, Fintech Ecosystem Development Corp. received a letter from the Staff of the Listing Qualifications Department (the ‘Staff’) of the Nasdaq Stock Market LLC, stating that the Staff has determined that the Company has not complied with the requirements of the Nasdaq Listing Rules because the Company has not demonstrated that its securities comply with the minimum 400 Total Holder requirement. The letter from the Staff indicated that the Company has until September 25, 2023 to submit a plan to regain compliance. If Nasdaq does not accept the plan, the Company will have the opportunity to appeal the decision to a Nasdaq Hearings Panel (the ‘Panel’). The Company intends to timely regain compliance and to request the aforementioned hearing and appeal Nasdaq’s determination, which request will stay the suspension of the Company’s common stock and warrants and the filing by Nasdaq of a Form 25-NSE pending the Panel’s decision. The Company believes that it will be able to demonstrate that its common stock complies with the Total Holder Requirement prior to September 25, 2023. However, there can be no assurance that the Company will be able to satisfy the Total Holder Requirement prior to the hearing date or at all.
お知らせ • May 26Fintech Ecosystem Development Corp. Receives Notice from NasdaqOn May 23, 2023, Fintech Ecosystem Development Corp. received a notice from the Staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC, stating that the Company is not in compliance with the continued listing standards of Nasdaq Capital Markets (the “Exchange”) under the timely filing criteria included in Listing Rule 5250(c)(1) because the Company failed to timely file with the Securities and Exchange Commission (the “SEC”) its Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 (the “Form 10-Q”). On May 24, 2023, the Company filed the Form 10-Q to cure the delinquency.
お知らせ • Aug 21Fintech Ecosystem Development Corp.(NasdaqCM:FEXD) dropped from NASDAQ Composite IndexFintech Ecosystem Development Corp. has dropped from the NASDAQ Composite Index .
New Risk • Aug 16New major risk - Financial data availabilityThe company's latest financial reports are more than a year old. Last reported fiscal period ended June 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported June 2023 fiscal period end). Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shares are highly illiquid. Negative equity (-US$6.8m). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (US$49.9m market cap).
お知らせ • Jul 26Fintech Ecosystem Development Receives a Written Notice from the Staff of the Listing Qualifications Department of the Nasdaq Stock MarketOn July 19, 2024, Fintech Ecosystem Development Corp. received a written notice from the Staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC, notifying the Company that, for the last 30 consecutive business days, the Company’s Market Value of Listed Securities (“MVLS”) was below the minimum of $35 million required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(b)(2). The Staff also noted that the Company does not meet the requirements under Nasdaq Listing Rule 5550(b)(1) (Equity Standard: maintaining stockholders’ equity of at least $2.5 million) and Nasdaq Listing Rule 5550(b)(3) (Net Income Standard: maintaining net income from continuing operations of at least $500,000 in the most recently completed fiscal year or in two of the three most recently completed fiscal years). The Notice provided that, in accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company has a period of 180 calendar days from the date of the Notice, or until January 15, 2025, to regain compliance with the Market Value Standard. During this period, the Company’s securities will continue to trade on The Nasdaq Capital Market. To regain compliance with the Market Value Standard, the Company’s MVLS must close at $35 million or more for a minimum of ten consecutive business days during prior to the Compliance Date. If the Company does not regain compliance with the Market Value Standard by the Compliance Date, the Staff will provide a written notification to the Company that its securities are subject to delisting. At that time, the Company may appeal the Staff’s delisting determination to a Hearings Panel. The Company intends to monitor its MVLS between now and the Compliance Date, and may, if appropriate, evaluate available options to resolve the deficiency under the Market Value Standard and regain compliance with the Market Value Standard. The Company believes that it will be able to demonstrate that its securities comply with the Market Value Standard prior to the Compliance Date. However, there can be no assurance that the Company will be able to regain or maintain compliance.
Board Change • Apr 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Robin Sue Meister was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
New Risk • Mar 03New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Negative equity (-US$6.8m). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (US$74.8m market cap).
お知らせ • Dec 27Fintech Ecosystem Development Receives Written Notice from Nasdaq Due to Delay in Filing Form 10-QOn December 21, 2023, Fintech Ecosystem Development Corp. (the ‘Company’) received a written notice (the ‘Notice’) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (‘Nasdaq’) indicating that since the Company has not yet filed its Form 10-Q for the period ended September 30, 2023 (the ‘Form 10-Q’), the Company is no longer in compliance with Listing Rule 5250(c)(1) (the ‘Rule’), which requires the Company to timely file all required periodic financial reports with the U.S. Securities and Exchange Commission (the ‘SEC’). The Notice is only a notification of a deficiency and not a notification of imminent delisting. The Notice does not have a current effect on the listing or trading of the Company’s securities on the Nasdaq Capital Market. The Notice states that the Company, pursuant to the listing rules, has 60 calendar days to submit a plan to regain compliance. If Nasdaq accepts the Company’s plan, Nasdaq may grant the Company an extension of up to 180 calendar days from the Form 10-Q’s due date, or until May 13, 2024 to regain compliance with the Rule. If Nasdaq does not accept the Company’s plan, the Company will have the opportunity to appeal the decision in front of a Nasdaq Hearings Panel pursuant to Listing Rule 5815(a). The Company anticipates that it will file the Form 10-Q within the 60 calendar days, eliminating the applicability of submission of a plan to regain compliance.
お知らせ • Nov 15Fintech Ecosystem Development Corp. announced delayed 10-Q filingOn 11/14/2023, Fintech Ecosystem Development Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
お知らせ • Aug 25Fintech Ecosystem Development Receives a Written Notice from the Staff of the Listing Qualifications Department of the Nasdaq Stock MarketOn August 21, 2023, Fintech Ecosystem Development Corp., received a written notice from the Staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC, notifying the Company that, for the last 30 consecutive business days, the Company’s Market Value of Listed Securities was below the minimum of $50 million required for continued listing on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(b)(2)(A). The Staff also noted that the Company does not meet the requirements under Nasdaq Listing Rule 5450(b)(3)(A) (Total Assets/Total Revenue Standard). The Notice provided that, in accordance with Nasdaq Listing Rule 5810(c)(3)(C) (the “Compliance Period Rule”), the Company has a period of 180 calendar days from the date of the Notice, or until February 20, 2024 (the “Compliance Date”), to regain compliance with the Market Value Standard. During this period, the Company’s securities will continue to trade on The Nasdaq Global Market. If the Company does not regain compliance with the Market Value Standard by the Compliance Date, the Staff will provide a written notification to the Company that its securities are subject to delisting. At that time, the Company may appeal the Staff’s delisting determination to a Hearings Panel (the “Panel”). The Company intends to monitor its MVLS between now and the Compliance Date, and may, if appropriate, evaluate available options to resolve the deficiency under the Market Value Standard and regain compliance with the Market Value Standard. The Company believes that it will be able to demonstrate that its securities comply with the Market Value Standard prior to February 20, 2024. However, there can be no assurance that the Company will be able to regain or maintain compliance.
お知らせ • Aug 12Fintech Ecosystem Development Receives Letter from Nasdaq Stock Market LLC Regarding Non-Compliance with the Minimum 400 Total Holder RequirementOn August 10, 2023, Fintech Ecosystem Development Corp. received a letter from the Staff of the Listing Qualifications Department (the ‘Staff’) of the Nasdaq Stock Market LLC, stating that the Staff has determined that the Company has not complied with the requirements of the Nasdaq Listing Rules because the Company has not demonstrated that its securities comply with the minimum 400 Total Holder requirement. The letter from the Staff indicated that the Company has until September 25, 2023 to submit a plan to regain compliance. If Nasdaq does not accept the plan, the Company will have the opportunity to appeal the decision to a Nasdaq Hearings Panel (the ‘Panel’). The Company intends to timely regain compliance and to request the aforementioned hearing and appeal Nasdaq’s determination, which request will stay the suspension of the Company’s common stock and warrants and the filing by Nasdaq of a Form 25-NSE pending the Panel’s decision. The Company believes that it will be able to demonstrate that its common stock complies with the Total Holder Requirement prior to September 25, 2023. However, there can be no assurance that the Company will be able to satisfy the Total Holder Requirement prior to the hearing date or at all.
お知らせ • May 26Fintech Ecosystem Development Corp. Receives Notice from NasdaqOn May 23, 2023, Fintech Ecosystem Development Corp. received a notice from the Staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC, stating that the Company is not in compliance with the continued listing standards of Nasdaq Capital Markets (the “Exchange”) under the timely filing criteria included in Listing Rule 5250(c)(1) because the Company failed to timely file with the Securities and Exchange Commission (the “SEC”) its Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 (the “Form 10-Q”). On May 24, 2023, the Company filed the Form 10-Q to cure the delinquency.
お知らせ • May 16Fintech Ecosystem Development Corp. announced delayed 10-Q filingOn 05/15/2023, Fintech Ecosystem Development Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
お知らせ • Oct 22Fintech Ecosystem Development Corp. announced that it has received $1.15 million in funding from Revofast LLCOn October 21, 2022, Fintech Ecosystem Development Corp. closed the transaction.
お知らせ • Sep 14Rana Financial, Inc. entered into a definitive agreement to acquire Fintech Ecosystem Development Corp. (NasdaqGM:FEXD) from Revofast LLC and others for $78.9 million.Rana Financial, Inc. entered into a definitive agreement to acquire Fintech Ecosystem Development Corp. (NasdaqGM:FEXD) from Revofast LLC and others for $78.9 million in a reverse merger transaction on September 9, 2022. FEXD shall pay a combination of Rana Cash Consideration of $7.8 million and Rana Equity Consideration of 7.02 million shares subject to adjustments for Working Capital and Debt, which adjustments shall be secured by an escrow amount equal to $5.7 million (the “ Rana Escrow Amount ”). In a related transaction, Fintech Ecosystem Development Corp. entered into a definitive agreement to acquire Mobitech International LLC (Afinoz) at an enterprise value of $120 million. A subsidiary of FEXD will be merged with and into Rana, and FEXD will purchase Afinoz, with Rana and Afinoz surviving the transactions as wholly-owned subsidiaries of FEXD. Upon closing the transactions, the combined company is expected to remain listed on the NASDAQ and trade under the existing ticker symbol "FEXD". The boards of directors of both FEXD, Rana and Afinoz have unanimously approved the proposed transactions, subject to, among other things, the approval by FEXD's stockholders, the shares of New Acquiror Class A Common Stock to be issued in connection with the Proposed Rana Transactions shall have been approved for listing on Nasdaq and satisfaction or waiver of the other conditions stated in the definitive documentation. The deal is expected to be completed in the first quarter of 2023. Constantine Petropoulos of Hughes Hubbard & Reed LLP is serving as legal advisor and Houlihan Capital is serving as financial advisors to FEXD. David Kretzmer of Kretzmer & Associates, PLLC is serving as legal advisor to Rana. EF Hutton, division of Benchmark Investments, LLC, is serving as capital markets advisor.
お知らせ • Sep 13Fintech Ecosystem Development Corp. (NasdaqGM:FEXD) entered into a definitive agreement to acquire Rana Financial, Inc. at an enterprise value of $78 million.Fintech Ecosystem Development Corp. (NasdaqGM:FEXD) entered into a definitive agreement to acquire Rana Financial, Inc. at an enterprise value of $78 million on September 12, 2022. In a related transaction, Fintech Ecosystem Development Corp. entered into a definitive agreement to acquire Mobitech International LLC (Afinoz) at an enterprise value of $120 million. A subsidiary of FEXD will be merged with and into Rana, and FEXD will purchase Afinoz, with Rana and Afinoz surviving the transactions as wholly-owned subsidiaries of FEXD. Upon closing the transactions, the combined company is expected to remain listed on the NASDAQ and trade under the existing ticker symbol "FEXD". The boards of directors of both FEXD, Rana and Afinoz have unanimously approved the proposed transactions, which are expected to be completed in the first quarter of 2023, subject to, among other things, the approval by FEXD's stockholders and satisfaction or waiver of the other conditions stated in the definitive documentation. Hughes Hubbard & Reed LLP is serving as legal advisor and Houlihan Capital is serving as financial advisors to FEXD. David Kretzmer & Associates is serving as legal advisor to Rana. EF Hutton, division of Benchmark Investments, LLC, is serving as capital markets advisor.