MoneyHero Gets Nasdaq Notice for Low Market Value
Ticker: MNYWW · Form: 6-K · Filed: Apr 11, 2025 · CIK: 1974044
| Field | Detail |
|---|---|
| Company | Moneyhero Ltd (MNYWW) |
| Form Type | 6-K |
| Filed Date | Apr 11, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: listing-compliance, sec-filing, nasdaq
Related Tickers: MHK
TL;DR
Nasdaq says MHK's market cap is too low, needs $35M+ by Oct 8 or could get booted.
AI Summary
MoneyHero Limited (Nasdaq: MHK) announced on April 11, 2025, that it received a notice from Nasdaq indicating a deficiency in its Market Value of Listed Securities (MVLS) requirement. The company has a period of 180 calendar days, until October 8, 2025, to regain compliance with the minimum MVLS requirement of $35 million.
Why It Matters
This notice means MoneyHero must increase its market capitalization to at least $35 million within 180 days to avoid potential delisting from the Nasdaq stock exchange.
Risk Assessment
Risk Level: medium — The company faces a potential delisting if it cannot meet the minimum market value requirement within the specified timeframe.
Key Numbers
- $35 million — Minimum Market Value (The threshold MoneyHero must meet to comply with Nasdaq's listing rules.)
- 180 days — Compliance Period (The timeframe MoneyHero has to increase its market value.)
Key Players & Entities
- MoneyHero Limited (company) — Registrant and subject of the Nasdaq notice
- Nasdaq (company) — Exchange that issued the notice
- MHK (company) — Ticker symbol for MoneyHero Limited
- April 11, 2025 (date) — Date the notice was received and press release issued
- October 8, 2025 (date) — Deadline for MoneyHero to regain compliance
- $35 million (dollar_amount) — Minimum market value requirement
- Rohith Murthy (person) — CEO of MoneyHero Limited
FAQ
What is the specific deficiency that led to the Nasdaq notice?
The notice indicates a deficiency in MoneyHero Limited's Market Value of Listed Securities (MVLS) requirement.
What is the deadline for MoneyHero to regain compliance with Nasdaq's listing standards?
MoneyHero has until October 8, 2025, which is 180 calendar days from the notice date of April 11, 2025, to regain compliance.
What is the minimum market value required by Nasdaq for continued listing?
The minimum market value of listed securities required by Nasdaq is $35 million.
What actions can MoneyHero take to regain compliance?
The filing does not specify the exact actions MoneyHero will take, but regaining compliance typically involves increasing the company's market capitalization.
Who signed the 6-K report on behalf of MoneyHero Limited?
Rohith Murthy, Chief Executive Officer, signed the report on behalf of MoneyHero Limited on April 11, 2025.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on April 11, 2025 by Rohith Murthy regarding MoneyHero Ltd (MNYWW).