UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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Item 8.01. Other Events.
On November 21, 2023, Motus GI Holdings, Inc. (the “Company” or “we”) received a letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC (the “Staff”) confirming that the Company had regained compliance with the minimum bid price requirement in Listing Rule 5550(a)(2) (the “Bid Price Rule”), as required by the Nasdaq Hearing Panel (“Hearings Panel”) decision of September 27, 2023.
As previously disclosed, we received a letter from the Nasdaq Stock Market, LLC (“Nasdaq”) indicating that we are not in compliance with the minimum stockholders’ equity requirement for continued listing on Nasdaq under Rule 5550(b)(1) (the “Equity Rule”). In addition, as previously disclosed on the Current Report on Form 8-K filed April 5, 2023, we received a letter from Nasdaq indicating that the bid price of the Company’s common stock had failed to close above the minimum $1 requirement for the past 30 trading days in violation of the Bid Price Rule. The Company was provided 180 calendar days, or until September 27, 2023, to regain compliance with the Bid Price Rule. On September 27, 2023, we received notice that the Hearings Panel granted us an extension to regain compliance with the Equity Rule and the Bid Price Rule until January 2, 2024.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized
MOTUS GI HOLDINGS, INC. | ||
Dated: November 27, 2023 | By: | /s/ Mark Pomeranz |
Name: | Mark Pomeranz | |
Title: | Chief Executive Officer |
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