Aries I Acquisition Corp.: Nasdaq/NYSE listing notice — Aries I Acquisition receives Nasdaq delisting notice for failing minimum MVLS requirement

Aries I Acquisition Corp.

Received Nasdaq notice on Jan 24, 2023 for 30 consecutive days below $35M MVLS minimum.
Must regain compliance by July 24, 2023; needs MVLS at $35M+ for 10 consecutive business days.
If not compliant by deadline, Nasdaq will delist ordinary shares; company may appeal.
Company is monitoring MVLS and evaluating options to achieve compliance.
Ticker symbols affected: RAM (ordinary shares), RAMMU (units), RAMMW (warrants).

Key facts

Extracted from this filing and checked against the source text.

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

Aries I Acquisition Corp. received a nasdaq deficiency notice notice regarding market value (rules 5550(b)(2), 5810(c)(3)(C)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5550(b)(2), 5810(c)(3)(C)

Exact text from the filing

January 24, 2023, Aries I Acquisition Corporation (the “Company”) received a notice from the staff (the “Staff”) of The NASDAQ Stock Market LLC (“Nasdaq”) that, for the previous 30 consecutive business days, the minimum Market Value of Listed Securities (“MVLS”) for the Company’s ordinary shares was below the $35 million minimum MVLS requirement for continued listing on The NASDAQ Capital Market under Nasdaq Listing Rule 5550(b)(2) (the “MLVS Rule”). In accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company will have 180 calendar days, or until July 24, 2023, to regain compliance with

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Source: SEC EDGAR

accession 0001104659-23-007970

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