Vocodia Holdings Corp. Faces Nasdaq Delisting Notice
Ticker: VHABW · Form: 8-K · Filed: Jun 21, 2024 · CIK: 1880431
Sentiment: bearish
Topics: delisting, compliance, exchange-notice
Related Tickers: VHAI
TL;DR
Nasdaq's coming for VHAI's listing - company's scrambling to fix it.
AI Summary
Vocodia Holdings Corp. announced on June 14, 2024, that it received a notice from the Nasdaq Stock Market regarding its failure to meet continued listing requirements. The company is currently evaluating its options to regain compliance and avoid delisting.
Why It Matters
This notice indicates potential financial distress or operational issues for Vocodia Holdings Corp., which could significantly impact its stock value and investor confidence.
Risk Assessment
Risk Level: high — Receiving a delisting notice from a major stock exchange like Nasdaq is a significant negative event that poses a substantial risk to the company's future trading and valuation.
Key Players & Entities
- Vocodia Holdings Corp (company) — Registrant
- Nasdaq Stock Market (company) — Exchange issuing delisting notice
- June 14, 2024 (date) — Date of earliest event reported
FAQ
What specific continued listing requirements did Vocodia Holdings Corp. fail to meet?
The filing states that Vocodia Holdings Corp. received a notice from the Nasdaq Stock Market regarding its failure to satisfy a continued listing rule or standard, but does not specify which rule was violated.
What are Vocodia Holdings Corp.'s options to regain compliance with Nasdaq listing rules?
The filing indicates that the company is evaluating its options to regain compliance, but does not detail these options.
What is the date of the earliest event reported in this 8-K filing?
The earliest event reported is dated June 14, 2024.
What is the company's state of incorporation and IRS number?
Vocodia Holdings Corp. is incorporated in Wyoming and its IRS Employer Identification Number is 86-3519415.
What is the business address of Vocodia Holdings Corp.?
The principal executive offices are located at 6401 Congress Avenue, Suite #160, Boca Raton, Florida 33487.
Filing Stats: 703 words · 3 min read · ~2 pages · Grade level 12.8 · Accepted 2024-06-21 16:30:11
Key Financial Figures
- $1.00 — did not maintain a minimum bid price of $1.00 over 30 consecutive business days and (
- $2.5 million — s: (A) stockholders' equity of at least $2.5 million; (B) market value of listed securities
- $35 million — value of listed securities of at least $35 million; or (C) net income from continuing oper
- $500,000 — et income from continuing operations of $500,000 in the most recently completed fiscal y
Filing Documents
- ea0208065-8k_vocodia.htm (8-K) — 29KB
- 0001213900-24-054799.txt ( ) — 246KB
- vhai-20240614.xsd (EX-101.SCH) — 4KB
- vhai-20240614_def.xml (EX-101.DEF) — 26KB
- vhai-20240614_lab.xml (EX-101.LAB) — 36KB
- vhai-20240614_pre.xml (EX-101.PRE) — 25KB
- ea0208065-8k_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 14, 2024, Vocodia Holdings Corp. (the "Company") received a letter (the "Letter") from the Listing Qualifications Department of The Cboe BZX Exchange, Inc. ("Cboe") notifying the Company that Cboe had decided to exercise its discretionary authority pursuant to Exchange Rule 14.2 to delist the Company and suspend trading of the Company's Common Stock (VHAI), Series A Warrants (VHAI+A) and Series B Warrants (VHAI+B) on June 24, 2024. The Letter cited that the basis for this decision is that the Company is currently not in compliance with (i) Exchange Rule 14.9(e)(1)(B) because its Common Stock did not maintain a minimum bid price of $1.00 over 30 consecutive business days and (ii) Exchange Rule 14.9(e)(2) because the Company has failed to me at least one of the following requirements: (A) stockholders' equity of at least $2.5 million; (B) market value of listed securities of at least $35 million; or (C) 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. Pursuant to Exchange Rule 14.12(h), the Company has submitted to Cboe's Chief Regulatory Officer's office a request for a hearing in front of a Hearings Panel (the "Hearings Panel") to review the delisting determination made by the Cboe staff. A timely request for a hearing shall stay the suspension and delisting action pending the issuance of a written decision by the Hearings Panel. The Cboe Chief Regulatory Officer will schedule a hearing to take place within 45 days of the request for a hearing, at a location determined by the Chief Regulatory Officer. Thereafter, the Company may provide a written submission to the Hearings Panel for review before the hearing. After the hearing the Chief Regulatory Officer, on behalf of the panel, will issue the Hearing Panel's Decision. There can be no assuran
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 21, 2024 By: /s/ Brian Podolak Brian Podolak Chief Executive Officer 2