CaliberCos Inc. Faces Delisting Notice

TL;DR

CaliberCos Inc. got a delisting notice, might be moving exchanges.

AI Summary

CaliberCos Inc. filed an 8-K on May 17, 2024, to report a notice of delisting or failure to satisfy a continued listing rule or standard. The filing indicates a potential transfer of listing, with the earliest event reported on May 14, 2024. The company is incorporated in Delaware and headquartered in Scottsdale, Arizona.

Why It Matters

This filing signals potential issues with CaliberCos Inc.'s compliance with stock exchange listing requirements, which could impact its stock's tradability and investor confidence.

Risk Assessment

Risk Level: high — A notice of delisting or failure to meet listing standards poses a significant risk to the company's stock trading status and investor confidence.

Key Players & Entities

• CaliberCos Inc. (company) — Registrant
• May 14, 2024 (date) — Earliest event reported
• May 17, 2024 (date) — Filing date
• Scottsdale, AZ (location) — Principal Executive Offices
• Delaware (location) — State of Incorporation

FAQ

Key Financial Figures

• $0.001 — stered Class A Common Stock, par value $0.001 CWD The Nasdaq Stock Market LLC Indic
• $1.00 — (the "Common Stock"), had closed below $1.00 per share for 30 consecutive business d

Filing Documents

• cwd-20240514.htm (8-K) — 26KB
• 0001627282-24-000074.txt ( ) — 154KB
• cwd-20240514.xsd (EX-101.SCH) — 2KB
• cwd-20240514_lab.xml (EX-101.LAB) — 23KB
• cwd-20240514_pre.xml (EX-101.PRE) — 13KB
• cwd-20240514_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. On May 14, 2024, CaliberCos Inc. (the "Company" or "Caliber") received a letter from the Listing Qualifications Staff (the "Staff") of the Nasdaq Stock Market LLC ("Nasdaq") indicating that the bid price of the Company's Class A common stock, par value $0.001 per share (the "Common Stock"), had closed below $1.00 per share for 30 consecutive business days and, as a result, the Company is not in compliance with Nasdaq Listing Rule 5550(a)(2), which sets forth the minimum bid price requirement for continued listing on the Nasdaq Capital Market (the "Minimum Bid Requirement"). Nasdaq's notice has no immediate effect on the listing of the Company's Common Stock on Nasdaq. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company was afforded a 180-calendar day grace period, through November 11, 2024, to regain compliance with the bid price requirement. Compliance can be achieved by evidencing a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days during the 180-calendar day grace period. If the Company does not regain compliance with the bid price requirement by November 11, 2024, the Company may be eligible for an additional 180-calendar day compliance period so long as it satisfies the criteria for initial listing on the Nasdaq Capital Market and the continued listing requirement for market value of publicly held shares and the Company provides written notice to Nasdaq of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary. In the event the Company is not eligible for the second grace period, the Nasdaq staff will provide written notice that the Common Stock is subject to delisting; however, the Company may request a hearing before the Nasdaq Hearings Panel (the "Panel"), which request, if timely made, would stay any further suspension or delis

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. CaliberCos Inc. Date: May 17, 2024 By: /s/ John C. Loeffler, II Name: John C. Loeffler, II Title: Chairman and Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR