Vocodia Holdings Corp. Faces Delisting Notice
Ticker: VHABW · Form: 8-K · Filed: Jun 11, 2024 · CIK: 1880431
Sentiment: bearish
Topics: delisting, listing-standards, compliance
Related Tickers: VHAI
TL;DR
VHAI got a delisting warning, might get kicked off the exchange.
AI Summary
Vocodia Holdings Corp. (VHAI) filed an 8-K on June 10, 2024, to report a notice of delisting or failure to satisfy a continued listing rule. The company is based in Boca Raton, Florida, and incorporated in Wyoming.
Why It Matters
This filing indicates potential issues with Vocodia Holdings Corp.'s compliance with stock exchange listing requirements, which could lead to its shares being delisted.
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 and investor confidence.
Key Numbers
- 001-41963 — SEC File Number (Identifies the company's filing history with the SEC.)
- 86-3519415 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- Vocodia Holdings Corp (company) — Registrant
- VHAI (company) — Ticker Symbol
- June 10, 2024 (date) — Date of earliest event reported
- Wyoming (jurisdiction) — State of incorporation
- Boca Raton, Florida (location) — Principal executive offices
FAQ
What specific listing rule or standard has Vocodia Holdings Corp. failed to satisfy?
The filing does not specify the exact rule or standard that Vocodia Holdings Corp. has failed to satisfy, only that a notice has been issued.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is June 10, 2024.
In which state was Vocodia Holdings Corp. incorporated?
Vocodia Holdings Corp. was incorporated in Wyoming.
What is the principal executive office address for Vocodia Holdings Corp.?
The principal executive office is located at 6401 Congress Avenue, Suite #160, Boca Raton, Florida 33487.
What is the ticker symbol for Vocodia Holdings Corp.?
The ticker symbol for Vocodia Holdings Corp. is VHAI.
Filing Stats: 628 words · 3 min read · ~2 pages · Grade level 12.4 · Accepted 2024-06-11 16:43:11
Key Financial Figures
- $2.5 million — s: (i) stockholders' equity of at least $2.5 million; (ii) market value of listed securities
- $35 million — value of listed securities of at least $35 million; or (iii) net income from continuing op
- $500,000 — et income from continuing operations of $500,000 in the most recently completed fiscal y
Filing Documents
- ea0207645-8k_vocodia.htm (8-K) — 28KB
- 0001213900-24-051761.txt ( ) — 245KB
- vhai-20240610.xsd (EX-101.SCH) — 4KB
- vhai-20240610_def.xml (EX-101.DEF) — 26KB
- vhai-20240610_lab.xml (EX-101.LAB) — 36KB
- vhai-20240610_pre.xml (EX-101.PRE) — 25KB
- ea0207645-8k_vocodia_htm.xml (XML) — 6KB
01 Notice of Delisting or Failure to Satisfy a Continued
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On June 10, 2024, Vocodia Holdings Corp. (the "Company") received a letter from the Listing Qualifications Department of The Cboe BZX Exchange, Inc. ("Cboe") notifying the Company that, after reviewing the Company's most recent 10-Q filed May 21, 2024, Cboe determined that the Company had failed to meet the the minimum continued listing standards set forth in Exchange Rule 14.9(e), titled "Continued Listing of Primary Equity Securities." Exchange Rule 14.9(e)(2) requires a company to meet at least one of the following continued listing standards: (i) stockholders' equity of at least $2.5 million; (ii) market value of listed securities of at least $35 million; or (iii) net income from continuing operations of $500,000 in the most recently completed fiscal year or in two of the three most recently complete fiscal years. The receipt of the Cboe notification letter does not result in the immediate delisting of the Company's Common Stock from the Cboe and has no immediate effect on the listing or trading of the Company's Common Stock or Warrants on the Cboe, under the symbols "VHAI," "VHAI+A," and "VHAI+B." The Company will now be afforded a 45-day period, ending July 25, 2024, to submit a plan to regain compliance with Exchange Rule 14.9(e)(2) pursuant to Exchange Rule 14.12(f)(2)(C). Cboe may then accept this plan from the Company pursuant to Exchange Rule 14.12(f)(2)(A). The Company intends to closely monitor the situation and consider all available options to remedy the bid price deficiency, but no decision regarding any action has yet been made. 1
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on behalf of the undersigned hereunto duly authorized. VOCODIA HOLDINGS CORP. Date: June 11, 2024 By: /s/ Brian Podolak Brian Podolak Chief Executive Officer 2