CaliberCos Inc. Files 8-K on Listing Status

TL;DR

CaliberCos Inc. 8-K: Potential listing rule issues, stock trading could be affected.

AI Summary

CaliberCos Inc. filed an 8-K on November 15, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule or standard, or a transfer of listing. The filing date for the report is November 12, 2024. The company is incorporated in Delaware and headquartered in Scottsdale, Arizona.

Why It Matters

This filing indicates potential issues with CaliberCos Inc.'s continued listing on an exchange, which could impact its stock trading and investor confidence.

Risk Assessment

Risk Level: medium — Filings related to delisting or failure to meet listing standards often signal financial or operational difficulties that can negatively impact a company's stock.

Key Players & Entities

• CaliberCos Inc. (company) — Registrant
• November 12, 2024 (date) — Earliest event reported
• November 15, 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 — maintain a minimum closing bid price of $1.00 ("Minimum Bid Price Requirement") per s

Filing Documents

• cwd-20241112.htm (8-K) — 26KB
• 0001627282-24-000127.txt ( ) — 153KB
• cwd-20241112.xsd (EX-101.SCH) — 2KB
• cwd-20241112_lab.xml (EX-101.LAB) — 23KB
• cwd-20241112_pre.xml (EX-101.PRE) — 13KB
• cwd-20241112_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. As previously reported, on May 14, 2024, CaliberCos Inc. (the "Company") received written notice from the Listing Qualifications Staff (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that for the preceding 30 consecutive business days (April 2, 2024 through May 13, 2024), the Company's Class A common stock, par value $0.001 ("Common Stock") did not maintain a minimum closing bid price of $1.00 ("Minimum Bid Price Requirement") per share as required by Nasdaq Listing Rule 5550(a)(2). The Company was provided 180 calendar days, or until November 11, 2024, to regain compliance. The Company did not regain compliance with the Minimum Bid Price Requirement by November 11, 2024; however, on November 12, 2024, the Company received written notification from Nasdaq granting the Company's request for a 180-day extension to regain compliance with Nasdaq Listing Rule 5550(a)(2). Compliance may be achieved automatically and without further action if the closing bid price of the Company's Common Stock is at or above $1.00 for a minimum of ten consecutive business days at any time prior to May 12, 2025, Nasdaq will notify the Company that it has regained compliance with the Minimum Bid Price Requirement and the matter will be closed. If the Company does not regain compliance with the Minimum Bid Price Requirement by May 12, 2025, the Staff will provide written notification to the Company that its Common Stock will be delisted. At that time, the Company may appeal the Staff's delisting determination to a hearings panel pursuant to the procedures set forth in the applicable Nasdaq Listing Rules. However, there can be no assurance that, if the Company does appeal the delisting determination by Nasdaq to the hearings panel, that such appeal would be successful. The Company intends to actively monitor the bid price of its Common Stock and i

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: November 15, 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