On the risk of delisting of ordinary shares of Heartland Express, Inc. (HTLD)

The International Trading System Limited (hereinafter – ITS) hereby informs on the delisting risk of ordinary shares of Heartland Express, Inc. (ISIN US4223471040, hereinafter – Shares, QI) from The NASDAQ Stock Market LLC (hereinafter - Nasdaq).  

Information on delisting risk of ordinary shares by Nasdaq

On December 4, 2024 Heartland Express, Inc. (hereinafter – the Company) submitted Current report Form 8-K to The United States Securities and Exchange Commission (hereinafter – SEC). According to the report, on November 29, 2024, the Company received a written notice from Nasdaq notifying the Company that it was not in compliance with the audit committee requirements as set forth in Nasdaq Listing Rule 5605 to have an audit committee comprised of at least three members.

Nasdaq will provide a cure period in order to regain compliance with Listing Rule 5605 until Company’s next annual shareholders meeting. For more information, please refer to the report available on the SEC website.

Information regarding possible actions to be taken by ITS Ltd.

If Nasdaq suspends trading in the Company’s ordinary shares, ITS will prohibit submission of orders and will restrict ability to conclude agreements in respect of the Company’s ordinary shares. If the Company’s ordinary shares are delisted from Nasdaq, ITS will terminate trading in the Company’s ordinary shares. However, in case the Company’s ordinary shares become listed, or admitted to trading on another Recognised Trading Venue, ITS will consider but does not guarantee continuation of trading in the Company’s ordinary shares.