Blackboxstocks Inc. Faces Delisting Concerns

TL;DR

BBX might be delisted - major red flag!

AI Summary

Blackboxstocks Inc. filed an 8-K on January 16, 2025, reporting a notice of delisting or failure to satisfy a continued listing rule or standard, with the earliest event reported on January 13, 2025. The company, incorporated in Nevada, is based in Dallas, Texas.

Why It Matters

This filing indicates potential issues with Blackboxstocks Inc.'s compliance with stock exchange listing requirements, which could impact its trading status and investor confidence.

Risk Assessment

Risk Level: high — A notice of delisting or failure to meet listing standards is a significant negative event that can lead to severe consequences for the company's stock.

Key Players & Entities

• BLACKBOXSTOCKS INC. (company) — Registrant
• January 13, 2025 (date) — Earliest event reported
• January 16, 2025 (date) — Filing date
• Nevada (jurisdiction) — State of incorporation
• Dallas, Texas (location) — Principal executive offices
• 001-41051 (string) — SEC File Number

FAQ

Key Financial Figures

• $0.001 — h registered Common Stock , par value $0.001 per share BLBX The NASDAQ Capital Ma

Filing Documents

• blkbx20250115c_8k.htm (8-K) — 24KB
• 0001437749-25-001261.txt ( ) — 160KB
• blbx-20250113.xsd (EX-101.SCH) — 3KB
• blbx-20250113_def.xml (EX-101.DEF) — 12KB
• blbx-20250113_lab.xml (EX-101.LAB) — 16KB
• blbx-20250113_pre.xml (EX-101.PRE) — 12KB
• blkbx20250115c_8k_htm.xml (XML) — 3KB

01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. Nasdaq Listing Rule 5620 As previously disclosed, on January 7, 2025, Blackboxstocks Inc. (the "Company") notified the Nasdaq Stock Market LLC ("Nasdaq") that, as a result of not holding its 2024 annual meeting of the stockholders on or before December 31, 2024, the Company was not in compliance with Nasdaq's annual meeting requirements as set forth in Nasdaq Listing Rule 5620(a) which requires that each company listing common stock hold an annual meeting of stockholders within one year of the end of each fiscal year. On January 13, 2025, the Company received a notice (the "Annual Meeting Notice") from the Listing Qualifications Department of Nasdaq stating that, consistent with Nasdaq Listing Rule 5810(c)(2)(G), the Company has 45 calendar days from the date of the Annual Meeting Notice ( i.e. , February 27, 2025) to submit a plan to regain compliance, and if Nasdaq accepts such plan, Nasdaq can grant an exception of up to 180 calendar days from the fiscal year end ( i.e. , June 30, 2025) to regain compliance. The Company has scheduled its 2024 annual meeting of the stockholders for February 7, 2025 in order to cure the non-compliance and plans to timely submit its plan to regain compliance to the Nasdaq by holding the 2024 annual meeting on such date. Nasdaq Listing Rule 5605 As previously disclosed, on January 7, 2025, the Company notified Nasdaq that, as a result of Ray Balestri's passing, the Company was no longer in compliance with Nasdaq Listing Rule 5605(b)(1), which requires a majority of the Company's board of directors to be comprised of Independent Directors, and Nasdaq Listing Rule 5605(c)(2)(A), which requires the Company's Audit Committee to be comprised of at least three independent directors. On January 13, 2025, the Company received a notice (the "Director Notice") from the Listing Qualifications Department of Nasdaq stating that,

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: January 16, 2025 Blackboxstocks Inc. By: /s/ Gust Kepler Gust Kepler President and Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR