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SMX (Security Matters) Public Limited Company announced today that it has successfully regained compliance with Nasdaq's Bid Price and Annual Shareholder Meeting Rules, ensuring that its ordinary shares and public warrants will continue to be listed on the market.
The Nasdaq Listing Panel has concluded that the issues leading to potential delisting are now resolved.
The company, headquartered in Dublin, Ireland, encountered a risk of delisting due to non-compliance with Nasdaq's minimum bid price requirement and the obligation to hold an annual shareholder meeting. However, recent actions taken by SMX have rectified these concerns to the satisfaction of the Nasdaq Listing Panel.
SMX's Chief Executive Officer, Haggai Alon, signed the report filed with the SEC today, which also included forward-looking statements cautioning that maintaining the listing on Nasdaq in the future is not guaranteed. The company emphasized that while it has no obligation to update forward-looking statements, it believes its current plans and intentions are reasonable.
This news follows the company's previous name change from Empatan Public Ltd Co to SMX (Security Matters) Public Limited Company on August 1, 2022. The company's SEC filings and statements are available for investors seeking further details on the company's financial health and compliance status.
This report is based on a press release statement and provides investors with the latest regulatory developments concerning SMX's status on the Nasdaq Capital Market.
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