Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

On March 30, 2023, Cyxtera Technologies, Inc. (the "Company") received a notice (the "Notice") from The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that due to the resignations of Melissa Hathaway and Michelle Felman from the Company's board of directors and audit committee, effective on March 28, 2023, the Company no longer complies with Nasdaq's audit committee requirements as set forth in Nasdaq Listing Rules 5605, which requires an audit committee of at least three independent directors.

The Notice has no immediate effect on the listing or trading of the Company's Class A common stock on the Nasdaq Global Market, and the Company's Class A common stock will continue to trade under the symbol "CYXT". In accordance with Nasdaq Listing Rules, the Company has 45 calendar days from the date of the Notice to submit a plan to regain compliance. The Company intends to submit a compliance plan within 45 days of the date of the Notice. If the Company's compliance plan is accepted, the Company may be granted up to 180 calendar days from March 30, 2023 to evidence compliance. If the Company's compliance plan is not accepted, the Company may appeal before a Nasdaq Hearings Panel.

The Company's board of directors is currently seeking to appoint new independent directors who will also qualify under the Nasdaq Listing Rules to serve as members of the audit committee and intends to regain compliance with the Nasdaq Listing Rules as soon as practicable.

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