Kubient notifies NASDAQ its intention to delist its stock

Kubient it notified The Nasdaq Stock Market on November 7, of its intention to voluntarily delist its common stock and common stock purchase warrants from The Nasdaq Capital Market. As previously disclosed, the Company has received notices from Nasdaq regarding noncompliance with its continued listing requirements. After careful consideration, the Company’s Board of Directors unanimously determined that a voluntary delisting of the Company’s common stock and warrants from The Nasdaq Capital Market is in the best interest of the Company and its stockholders. In particular, the Board of Directors’ decision to delist the Company’s securities was based on the conclusion that the significant costs and regulatory compliance burden outweigh the benefits of addressing the noncompliance notices received from Nasdaq in order to remain a Nasdaq-listed company. Trading of the Company’s warrants and common stock on the Nasdaq Capital Market will be suspended at the open of business on November 17, 2023. The Company currently intends to file a Form 25 with the SEC on or about November 17, with the delisting of its common stock and warrants taking effect no earlier than ten days thereafter.