Movella Holdings INC

Market Movers (8-K)

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MVLA
Movella Holdings INC
8-K: Movella Holdings to Restate Financials Due to Accounting Error, Shares Delisted from Nasdaq
Movella Holdings Inc. announced it will restate its financial statements for 2020, 2021, and 2022 due to an error in allocating losses from a consolidated variable interest entity, and its shares are now trading on the OTC Expert Marketplace after being delisted from Nasdaq.
Worse than expected
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MVLA
Movella Holdings INC
8-K: Movella Holdings Secures Second Waiver on Debt Agreement Amidst Financial Reporting Delays
Movella Holdings has obtained a second limited waiver from its lenders to address ongoing defaults related to financial reporting obligations.
Worse than expected
Delay expected
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MVLA
Movella Holdings INC
8-K: Movella Holdings Files Prospectus Supplement for Potential Resale of 23.5 Million Shares After Delisting
Movella Holdings has filed a prospectus supplement related to the potential resale of up to 23.5 million shares of common stock by existing shareholders, following its delisting from the Nasdaq.
Worse than expected
Capital raise
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MVLA
Movella Holdings INC
8-K: Movella Holdings Appoints Eric Salzman as Permanent CEO, Finalizing Employment Agreement
Movella Holdings Inc. has officially appointed Eric Salzman as its permanent Chief Executive Officer, effective upon the execution of his employment agreement on June 11, 2024.
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MVLA
Movella Holdings INC
8-K: Movella Holdings Inc. Commences Trading on OTC Pink Market After Nasdaq Delisting
Movella Holdings Inc. has begun trading on the OTC Pink Market under the ticker symbols MVLA and MVLAW after its shares were delisted from the Nasdaq.
Worse than expected
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MVLA
Movella Holdings INC
8-K: Movella Holdings to Delist from Nasdaq Amidst Restructuring Efforts
Movella Holdings Inc. announces its delisting from Nasdaq to reduce costs and focuses on restructuring and achieving profitability.
Worse than expected
Delay expected