Valens Company Inc (The) Ordinary Shares VLNCF

Nasdaq Delisting

[Amateur123]

I know that Valens still has a few months to course correct but what countermeasures can we expect in the near term as the delisting date approaches?

[mesa1]

What was the cost for that Nasdaq listing? $1m USD? Brilliant.

[RamboOO7]

Yes very brilliant to dish out that cash and not profitable ! All hype for big bonuses !

[Capharnaum]

They could consolidate shares (like 5:1).

[mesa1]

Another consolidation would be counter-productive given there's only 80.6m shares outstanding. Of course an equity financing to raise, say $50m to clear off debt and add working capital, at say $0.75 with a warrant (just a hypothetical example people, don't read anything into this) would increase the share issue by 67m shares to about 147m shares and of course way more fully diluted

[Capharnaum]

I was just answering the question. That said, considering the current market cap of $70M, a $50M share issue would represent enormous dilution. They probably should look to sell if that's the only solution.

[lscfa]

Once a deficiency notice has been sent, the company has 90 days to comply with the continued listing standards, or 180 days if the violation was for a sub-$1.00 share price. In order to be compliant, the company's share price or market cap must rise above the minimum for at least 10 consecutive days in the 90-day (or 180-day) period.