Project Energy Reimagined Acquisition Corp.: Nasdaq/NYSE listing notice — Project Energy Reimagined gets Nasdaq notice for insufficient total holders

Project Energy Reimagined Acquisition Corp.

Received Nasdaq notice on Oct 9, 2023 for failing minimum 400 total holders on Global Market.
Must submit compliance plan by Nov 24, 2023; extension possible until Apr 6, 2024 if plan accepted.
Non-compliance could lead to delisting; company intends to submit a plan to Nasdaq.
No immediate effect on listing or trading of PEGR, PEGRU, or PEGRW securities.

Key facts

Extracted from this filing and checked against the source text.

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

Project Energy Reimagined Acquisition Corp. received a nasdaq noncompliance notice notice regarding shareholders (rules 5450(a)(2)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: shareholders
Rules: 5450(a)(2)

Exact text from the filing

October 9, 2023, Project Energy Reimagined Acquisition Corp. (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with Nasdaq Listing Rule 5450(a)(2) (the “Minimum Total Holders Rule”), which requires the Company to have at least 400 total holders for continued listing on the Nasdaq Global Market. The Notice is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company’s securities on the

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Source: SEC EDGAR

accession 0001013762-23-003852

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