OceanTech Acquisitions I Corp.: Nasdaq/NYSE listing notice — OceanTech Acquisitions I receives Nasdaq delisting notice for MVLS below $35M

OceanTech Acquisitions I Corp.

Nasdaq notified OceanTech on Jan 24, 2023 that its MVLS was below $35M minimum for 30 consecutive business days.
Company has 180 days, until July 24, 2023, to regain compliance by closing at $35M MVLS for 10 consecutive days.
Trading symbols OTECU, OTECO, OTECW remain listed on Nasdaq during cure period.
Business operations unaffected; Company intends to evaluate options to regain compliance.

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

OceanTech Acquisitions I Corp. 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

January 24, 2023, OceanTech Acquisitions I Corp., a Delaware Corporation (the “Company”), received written notice (the “Notification Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) stating that the Company’s Market Value of Listed Securities (MVLS) for the last 30 consecutive business days (from November 29, 2022 to January 23, 2023), was below the required minimum of $35 million for continued listing on Nasdaq under Nasdaq Listing Rule 5550(b)(2). In accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company has 180 calendar days (or until July 24

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Source: SEC EDGAR

accession 0001104659-23-007450

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