Qurate Retail Faces Delisting Concerns

TL;DR

QRTEA might get delisted - big trouble ahead.

AI Summary

On November 27, 2024, Qurate Retail, Inc. filed an 8-K to report a notice of delisting or failure to satisfy a continued listing rule or standard. This filing indicates potential issues with the company's compliance with stock exchange listing requirements.

Why It Matters

This filing suggests Qurate Retail may be at risk of being delisted from its stock exchange, which could significantly impact its stock's liquidity and investor confidence.

Risk Assessment

Risk Level: high — A notice of delisting or failure to meet listing standards is a severe indicator of financial distress or non-compliance, posing a significant risk to the company and its investors.

Key Players & Entities

• Qurate Retail, Inc. (company) — Registrant
• November 27, 2024 (date) — Earliest event reported

FAQ

Key Financial Figures

• $1.00 — daq, the bid price of QRTEA is at least $1.00 for a minimum of 10 consecutive busines

Filing Documents

• qrtea-20241127x8k.htm (8-K) — 45KB
• qrtea-20241127xex99d1.htm (EX-99.1) — 9KB
• 0001355096-24-000050.txt ( ) — 242KB
• qrtea-20241127.xsd (EX-101.SCH) — 5KB
• qrtea-20241127_def.xml (EX-101.DEF) — 14KB
• qrtea-20241127_lab.xml (EX-101.LAB) — 15KB
• qrtea-20241127_pre.xml (EX-101.PRE) — 14KB
• qrtea-20241127x8k_htm.xml (XML) — 8KB

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 November 27, 2024, Qurate Retail, Inc. (the "Company") received approval from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq") to transfer the listing of the Company's Series A common stock ("QRTEA"), Series B common stock, and 8.0% Series A Cumulative Redeemable Preferred Stock (collectively, the "Securities") from the Nasdaq Global Select Market to the Nasdaq Capital Market. The listing of the Company's Securities was transferred to the Nasdaq Capital Market at the opening of business on December 2, 2024. As previously disclosed, on June 10, 2024, the Company received written notice from Nasdaq notifying the Company that, based on the closing bid price for QRTEA for 30 consecutive business days, the Company no longer complied with the minimum bid price requirement for continued listing of QRTEA on the Nasdaq Global Select Market (the "Minimum Bid Price Requirement"). The Company thereafter had 180 calendar days, or until December 9, 2024 (the "Initial Compliance Date"), to regain compliance with the Minimum Bid Price Requirement or to transfer to the Nasdaq Capital Market and request an additional 180-day extension from the Initial Compliance Date to comply with the Minimum Bid Price Requirement. Following the transfer of the Company's Securities to the Nasdaq Capital Market on December 2, 2024, the Company will have until the Initial Compliance Date to regain compliance with the Minimum Bid Price Requirement. If the Company has not regained compliance with the Minimum Bid Price Requirement by the Initial Compliance Date, an additional 180-day extension may be granted by Nasdaq (the "New Compliance Period"), subject to the Company's compliance with the continued listing requirements of the Nasdaq Capital Market (other than the Minimum Bid Price Requirement). QRTEA will be listed and traded on the Nasdaq Capital Market fro

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. On December 3, 2024, the Company issued a press release regarding the transfer of the listing of the Company's Securities to the Nasdaq Capital Market. This Item 7.01 and the press release attached hereto as Exhibit 99.1 are being furnished to the Securities and Exchange Commission in satisfaction of the public disclosure requirements of Regulation FD and shall not be deemed "filed" for any purpose.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release, dated December 3, 2024. 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: December 3, 2024 QURATE RETAIL, INC. By: /s/ Katherine C. Jewell Name: Katherine C. Jewell Title: Vice President and Secretary 3

View Full Filing

View this 8-K filing on SEC EDGAR