Appreciate Holdings, the parent company of Renters Warehouse, a prominent end-to-end Single-Family Rental (SFR) marketplace and management platform, received a written notice on October 18, 2023, from The Nasdaq Stock Market’s Listing Qualifications Department. The notice indicated that, after a thorough review by Nasdaq’s staff, the company did not meet the criteria outlined in the exception granted to Appreciate for regaining compliance with Nasdaq’s filing requirements as per Listing Rule 5250(c)(1).
In light of this development, the company was unable to submit the overdue reports on Form 10-K for the fiscal year ending December 31, 2022, Form 10-Q for the quarter concluding on March 31, 2023, and Form 10-Q for the quarter culminating on June 30, 2023, by the stipulated exception deadline of October 16, 2023.
Following the receipt of the delisting notice from Nasdaq, Appreciate Holdings experienced a significant decline in the value of its shares.
At the time of this publication, Appreciate Holdings Inc stock (SFR) has witnessed a decline.
Appreciate Holdings Inc
Current Price: $0.10
Change : -0.05
Change (%): (-33.15%)
Source: Tomorrow Events Market Data
As a consequence, Nasdaq has notified the company that trading of its common stock will be suspended from The Nasdaq Global Market effective from the commencement of business on October 27, 2023. Simultaneously, a Form 25-NSE will be submitted to the Securities and Exchange Commission, a move that will result in the removal of the company’s securities from listing and registration on The Nasdaq Stock Market.
Appreciate Holdings, the parent entity overseeing Renters Warehouse, stands as a pioneering force in the realm of end-to-end Single-Family Rental (SFR) marketplaces and management platforms. The firm offers a comprehensive suite of services for SFR property investment and management, encompassing an exclusive online marketplace and full-service brokerage teams operating in over 40 markets nationwide.