공시 • Aug 21
Fintech Ecosystem Development Corp.(NasdaqCM:FEXD) dropped from NASDAQ Composite Index Fintech Ecosystem Development Corp. has dropped from the NASDAQ Composite Index . 공시 • Jul 26
Fintech Ecosystem Development Receives a Written Notice from the Staff of the Listing Qualifications Department of the Nasdaq Stock Market On 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. 공시 • Dec 27
Fintech Ecosystem Development Receives Written Notice from Nasdaq Due to Delay in Filing Form 10-Q On 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. 공시 • Nov 15
Fintech Ecosystem Development Corp. announced delayed 10-Q filing On 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. 공시 • Aug 25
Fintech Ecosystem Development Receives a Written Notice from the Staff of the Listing Qualifications Department of the Nasdaq Stock Market On 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. 공시 • Aug 12
Fintech Ecosystem Development Receives Letter from Nasdaq Stock Market LLC Regarding Non-Compliance with the Minimum 400 Total Holder Requirement On 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. 공시 • May 26
Fintech Ecosystem Development Corp. Receives Notice from Nasdaq On 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. 공시 • May 16
Fintech Ecosystem Development Corp. announced delayed 10-Q filing On 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.