Summary by Moomoo AI
ProSomnus, Inc., a company listed on the Nasdaq Stock Market LLC, is set to be removed from listing effective May 6, 2024. The decision for delisting came after Nasdaq Staff reviewed information from the company and concluded that it no longer met the requirements for listing under Listing Rule 5450(b)(2)(A). ProSomnus was initially notified of this determination on February 13, 2024, and subsequently appealed the decision to the Listing Qualifications Hearings Panel on February 16, 2024. However, the company received another delisting determination on March 19, 2024, under Listing Rule 5450(b)(2&3)(C). A hearing was scheduled for April 16, 2024, but ProSomnus withdrew its appeal on the same day. The suspension of the company's securities occurred on April 18, 2024, making the Staff's decision to delist final.