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Yep...waiting for trips too....What a nasty stock lately...only selling...
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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.
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 assurance that the Hearings Panel will determine to continue to allow the listing of the Company’s securities on Cboe.
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