PepperLime Health Acquisition Corp: Nasdaq/NYSE listing notice — PepperLime Health receives Nasdaq delisting notice for failure to meet $15M public float requirement

PepperLime Health Acquisition Corp

Nasdaq notified PepperLime on Feb 28, 2023 that its market value of publicly held shares fell below $15M for 30 consecutive days.
Company has 180 calendar days (until Aug 28, 2023) to regain compliance by closing at $15M or more for 10 consecutive days.
If unable to cure, PepperLime may transfer to Nasdaq Capital Market if it meets that market's continued listing requirements.
Failure to regain compliance or transfer could result in delisting; the company is evaluating options.
The notice has no immediate effect on trading of PEPL, PEPLU, or PEPLW securities.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

PepperLime Health Acquisition Corp received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(C), 5810(c)(3)(D)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5450(b)(2)(C), 5810(c)(3)(D)

Exact text from the filing

February 28, 2023, PepperLime Health Acquisition Corporation (the “ Company ”) received a notice (the “ MVPHS Notice ”) from the Nasdaq Stock Market LLC (“ Nasdaq ”), stating that the Company’s listed securities failed to comply with the $15 million market value of publicly held shares (“ Market Value of Publicly Held Shares ”) requirement for continued listing on the Nasdaq Global Market in accordance with Nasdaq Listing Rule 5450(b)(2)(C) based upon the Company’s Market Value of Publicly Held Shares for the 30 consecutive business days prior to the date of the MVPHS Notice. The MVPHS Notice

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Source: SEC EDGAR

accession 0001104659-23-028419

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