Disruptive Acquisition Corp I: Nasdaq/NYSE listing notice — Disruptive Acquisition I receives Nasdaq deficiency notice for market value below $35M

Disruptive Acquisition Corp I

Received Nasdaq notice on June 16, 2023 that Class A ordinary shares no longer comply with MVLS requirement of $35M.
Has 180 calendar days, until December 13, 2023, to regain compliance.
Compliance can be regained if market value closes at $35M+ for 10 consecutive business days.
Failure to regain compliance may lead to delisting; company can appeal.
No immediate effect on listing or trading; company is exercising diligent efforts.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Disruptive Acquisition Corp I received a nasdaq deficiency notice notice regarding market value (rules 5550(b)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5550(b)(2)

Exact text from the filing

June 16, 2023, Disruptive Acquisition Corporation I (the “Company”) received a written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company was no longer in compliance with Listing Rule 5550(b)(2) (the “MVLS Listing Requirement”) with respect to its Class A ordinary shares (the “Ordinary Shares”), which requires the Company to maintain an aggregate market value of listed securities of at least $35.0 million for continued listing on The Nasdaq Capital Market (the “Notice”). The Notice additionally indicates that the Company has

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Source: SEC EDGAR

accession 0000950103-23-008996

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