EzFill Holdings Faces Nasdaq Delisting Notice

Ticker: NXXT · Form: 8-K · Filed: Jan 10, 2025 · CIK: 1817004

Sentiment: bearish

Topics: delisting, compliance, nasdaq

Related Tickers: EZFL

TL;DR

Nasdaq's kicking EzFill out, need to see if they can fix it.

AI Summary

EzFill Holdings Inc. announced on January 10, 2025, that it received a notice of delisting from the Nasdaq Stock Market. The company failed to meet a continued listing rule or standard, prompting a transfer of its listing. The specific rule or standard violated was not detailed in this filing.

Why It Matters

This notice indicates potential financial distress or non-compliance with exchange rules, which could significantly impact the company's stock liquidity and investor confidence.

Risk Assessment

Risk Level: high — Receiving a delisting notice from a major stock exchange like Nasdaq signifies a serious issue with the company's compliance or financial health.

Key Players & Entities

FAQ

What specific Nasdaq listing rule or standard did EzFill Holdings fail to meet?

The filing does not specify the exact rule or standard that EzFill Holdings failed to meet, only that it received a notice of delisting or failure to satisfy a continued listing rule or standard.

What is the timeline for EzFill Holdings to address the delisting notice?

The filing does not provide a specific timeline for EzFill Holdings to address the delisting notice.

What is the intended new exchange or listing venue for EzFill Holdings?

The filing states a 'Transfer of Listing' but does not specify the new venue or exchange.

Has EzFill Holdings taken any immediate actions in response to the notice?

The filing does not detail any immediate actions taken by EzFill Holdings in response to the delisting notice.

What is the significance of the 'ACCESSION NUMBER: 0001493152-25-001804'?

This is a unique identifier assigned by the SEC to this specific filing (Form 8-K) for tracking and retrieval purposes.

Filing Stats: 617 words · 2 min read · ~2 pages · Grade level 12.9 · Accepted 2025-01-10 17:29:07

Key Financial Figures

Filing Documents

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C., 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 10, 2025 EZFILL HOLDINGS, INC. (Exact name of registrant as specified in its charter) Delaware 001-40809 84-4260623 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 67 NW 183rd Street , Miami , Florida 33169 (Address of principal executive offices, including Zip Code) (305) 791-1169 (Registrant's telephone number, including area code) N/A (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13a-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.0001 par value per share EZFL NASDAQ Capital Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 3.01. Notice of Delisting or Failure to Satisfy Continued Listing Rule or Standard. On January 10, 2025, EzFill Holdings, Inc. (the "Company") received a letter from the Listing Qualifications Staff (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company no longer complies with Nasdaq rules for continued listing (the "Rules") because the Company has not yet held an annual meeting of stockholders within one year after the end of the Company's fiscal year ended December 31, 2023, as required pursuant to Rule 5620(a) of the Rules (the "Annual Meeting Requirement"). Under the Rules, the Company has 45 calendar days to submit a plan to regain compliance and, if the Staff accepts the Company's plan, the Staff can grant an exception of up to 180 calendar days from December 31, 2024, or until June 30, 2025, to regain compliance. The Company plans to timely submit such a plan for the Staff's consideration. There can be no assurance that the Staff will accept the Company's plan to regain compliance with the Annual Meeting Requirement, or that the Company will evidence compliance with the Annual Meeting Requirement during any extension period that the Staff may grant. If the Staff does not accept the Company's plan, the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel. The Company plans to hold an annual meeting of stockholders on January 16, 2025. On December 31, 2024, the Company filed with the Securities and Exchange Commission a definitive proxy statement on Schedule 14A relating to its planned annual meeting of stockholders to be held on January 16, 2025. SIGNATURE 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. Date: January 10, 2025 EZFILL HOLDINGS, INC. By: /s/ Yehuda Levy Name: Yehuda Levy Title: Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR

View on Read The Filing