공시 • Jan 31
Movella Holdings Inc. Files Form 15 Movella Holdings Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its Common Stock under the Securities Exchange Act of 1934, as amended. The par value of the company's Common Stock was $0.00001 per share. 공시 • Nov 26
Movella Holdings Inc. announced delayed 10-Q filing On 11/25/2024, Movella Holdings Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 공시 • Aug 16
Movella Holdings Inc. announced delayed 10-Q filing On 08/15/2024, Movella Holdings Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 공시 • May 11
Movella Holdings Inc. announced delayed 10-Q filing On 05/09/2024, Movella Holdings Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 공시 • Mar 28
Movella Announces Nasdaq’s Planned Suspension of Trading of Securities Movella Holdings Inc. (‘Movella’ or the ‘Company’) announced that it was notified by the Nasdaq Stock Market LLC (‘Nasdaq’) of the timing of Nasdaq’s planned suspension of trading of the Company’s securities. As previously disclosed in its Current Report filed on Form 8-K with the Securities and Exchange Commission (the ‘SEC’) on March 20, 2024 (the ‘8-K’), the Company notified Nasdaq of the Company’s decision to voluntarily delist its shares of common stock, par value $0.00001 per share (the ‘Common Stock’) and its warrants exercisable for one share of Common Stock at an exercise price of $11.50 (the ‘Warrants’ and together with the Common Stock, the ‘Securities’) from the Nasdaq Global Market. As disclosed in the 8-K, the Company had expected that the last trading day of the Securities on the Nasdaq Global Market would be on or about April 11, 2024. On March 22, 2024, however, Nasdaq notified the Company that trading of its Securities would be suspended after the Company files a Form 25 with the SEC on April 1, 2024, resulting in the last trading day for the Securities occurring on or about April 1, 2024 instead of on or about April 11, 2024, as previously thought. The Securities will remain listed on Nasdaq while trading is suspended until the effectiveness of the Form 25 filing on or about April 11, 2024, after which time the Securities will be delisted from Nasdaq. Following the delisting of Movella’s Securities from trading on Nasdaq, any trading in the Securities would only occur in privately negotiated sales and potentially on an over-the-counter market. Movella expects to have its Securities quoted on a market operated by OTC Markets Group Inc. (the ‘OTC’) on April 12th so that a trading market may continue to exist for the Securities. There is no guarantee, however, that a broker will continue to make a market in the Securities or that trading thereof will continue on an OTC market or otherwise. As previously disclosed, Movella’s Board of Directors (the ‘Board’) considered whether the Company could regain compliance in the given timeframe but decided that attempting to regain compliance was not in the best interest of the Company and its stockholders. The Board made this decision following its review and careful consideration of a number of factors, including, but not limited to, the Company’s current and likely future inability to comply with the continued listing requirements of the Nasdaq Global Market and the personnel resources and high costs of meeting Nasdaq Global Market disclosure and reporting requirements and related regulatory burdens, costs that have resulted and would continue to result in significant operating expense. In light of these factors, the Board determined that it is in the Company’s best interests that the Company redeploy these resources toward adequately funding the Company’s operations in the future. 공시 • Mar 21
Movella Announces Voluntary Delisting from Nasdaq Global Market Movella Holdings Inc. (‘Movella’ or the ‘Company’) announced that it has notified the Nasdaq Stock Market LLC (‘Nasdaq’) of its decision to voluntarily delist its shares of common stock, par value $0.00001 per share (the ‘Common Stock’) and its warrants exercisable for one share of Common Stock at an exercise price of $11.50 (the ‘Warrants’) from the Nasdaq Global Market. Movella intends to file a Form 25 with the Securities and Exchange Commission (the ‘SEC’) to remove its Common Stock and Warrants from listing on the Nasdaq Global Market on or about April 1, 2024 and deregister such securities under Section 12(b) of the Securities Exchange Act of 1934, as amended (the ‘Exchange Act’), and as a result, Movella expects that the last trading day of its Common Stock and Warrants on the Nasdaq Global Market will be on or about April 11, 2024. Movella will remain subject to such reporting obligations under Sections 13 and 15(d) of the Exchange Act. As previously noted in the Company’s Current Report on Form 8-K filed with the SEC on October 2, 2023, the Company had received written notice from Nasdaq that the Company was not in compliance with the minimum bid price required for continued listing on the Nasdaq Global Market under Nasdaq Listing Rule 5450(a)(1) based upon the closing bid price of the Common Stock for the 30 consecutive business days prior to the date of the notice. Additionally, as previously disclosed in the Company’s Current Report on Form 8-K filed on November 16, 2023, the Company received a notice from Nasdaq on November 16, 2023 indicating that the Company was not in compliance with Nasdaq’s Listing Rule 5250(c)(1) because it did not timely file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2023 (the ‘Quarterly Report’) with the SEC. On January 26, 2024, the Company received a notice from Nasdaq notifying the Company that it has been granted an exception to enable it to regain compliance with Listing Rule 5250(c)(1) subject to the requirement that, on or before May 13, 2024, the Company must file the Quarterly Report, as required by Rule 5250(c)(1). Following the delisting of Movella’s Common Stock and Warrants from trading on Nasdaq, any trading in such securities would only occur in privately negotiated sales and potentially on an over-the-counter market. Movella expects to have its Common Stock and Warrants quoted on a market operated by OTC Markets Group Inc. (the ‘OTC’) so that a trading market may continue to exist for such securities. There is no guarantee, however, that a broker will continue to make a market in Movella’s Common Stock and Warrants and that trading thereof will continue on an OTC market or otherwise.