SECURITIES AND EXCHANGE COMMISSION
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CURRENT REPORT
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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 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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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 |
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