---
schema_version: "secwatch.filing_event.v1"
accession: "0000894189-23-007448"
form_type: "8-K"
ticker: null
cik: "0001511699"
company_name: "Managed Portfolio Series"
filed_at: "2023-10-03T23:59:59+00:00"
generated_at: "2026-06-10T05:28:36.979527+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# VMAT ETF receives Cboe delisting notice for failing minimum 50 beneficial holders

## Summary
- On Sept 27, 2023, Cboe Staff notified Managed Portfolio Series that VMAT fails continued listing standard requiring at least 50 beneficial holders.
- Fund had fewer than 50 beneficial holders as of June 23, July 25, and Aug 25, 2023.
- Trust must submit a written plan to increase shareholders; Cboe may grant a cure period to regain compliance.
- If cure period ends without compliance, Cboe Staff may delist the Fund, risking liquidity and forced redemption.

## SEC filing metadata
- accession: 0000894189-23-007448
- form_type: 8-K
- cik: 0001511699
- company_name: Managed Portfolio Series
- filed_at: 2023-10-03T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1511699/000089418923007448/0000894189-23-007448-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1511699/000089418923007448/vmat-20230927.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000894189-23-007448
- JSON: https://secwatch.observer/filing/0000894189-23-007448.json
- Plain text: https://secwatch.observer/filing/0000894189-23-007448.txt

## Key facts
- Listing & Compliance Notices
  Managed Portfolio Series received a other deficiency notice notice regarding shareholders.
  - Notice: deficiency notice
  - Deficiency: shareholders
  source text: September 27, 2023, the compliance staff (the “Staff”) of Cboe BZX Exchange, Inc. (“Cboe”) provided written notice that Managed Portfolio Series (the “Trust”) is not in compliance with the continued listing standard set forth in Exchange Rule 14.11(l)(4)(B)(i)(c) of Cboe with respect to one of its series, the V-Shares MSCI World ESG Materiality and Carbon Transition ETF (the “Fund”). Exchange Rule 14.11(l)(4)(B)(i)(c) requires that, in order to comply with Cboe continued listing standards, a listed company must maintain no fewer than 50 beneficial holders of series of ETF Shares for 30 or more
  evidence_url: https://www.sec.gov/Archives/edgar/data/1511699/000089418923007448/0000894189-23-007448-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.