Item 8.01
Other Events.
As previously reported in a Current Report on Form 8-K filed on November 25, 2019, on November 20, 2019, Remark Holdings, Inc. (“we”, “us” or “our”) received written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying us that we were not in compliance with the $1.00 per share minimum bid price requirement for continued listing on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2).
As previously reported in a Current Report on Form 8-K filed on January 6, 2020, on December 30, 2019, we received written notice from the Listing Qualifications Department of Nasdaq notifying us that we were not in compliance with the minimum Market Value of Listed Securities (“MVLS”) requirement of $35 million for continued listing on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(b)(2).
On May 22, 2020, we received written notice from Nasdaq (the “Notice of Compliance”) notifying us that we regained compliance with the $1.00 per share minimum bid price requirement because our common stock closed at or above $1.00 per share for a period of 10 consecutive business days. The Notice of Compliance also stated that we regained compliance with the minimum MVLS requirement of $35 million because our MVLS had been at or above $35 million for a period of 10 consecutive business days. Per the Notice of Compliance, Nasdaq considers both matters closed.
