Greencity Acquisition Corp: Nasdaq/NYSE listing notice — Greencity Acquisition receives Nasdaq deficiency notice for minimum publicly held shares

Greencity Acquisition Corp

Nasdaq notified Greencity on March 8, 2023 of non-compliance with Listing Rule 5550(a)(4) requiring at least 500,000 publicly held shares.
Company must submit a plan to achieve compliance by April 24, 2023; trading unaffected in the interim.
If plan not accepted, Greencity can appeal to a Nasdaq Hearings Panel.
Notice has no immediate effect on listing or trading of GRCYU, GRCY, GRCYW securities.

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

Greencity Acquisition Corp received a nasdaq deficiency notice notice regarding other (rules 5550(a)(4)).

Exchange: nasdaq
Notice: deficiency notice
Rules: 5550(a)(4)

Exact text from the filing

March 8, 2023, the Company received a notice (the “Notice”) from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) stating that the Company was not in compliance with Listing Rule 5550(a)(4) (the “Minimum Publicly Held Shares Rule”), which requires the Company to have at least 500,000 Publicly Held Shares for continued listing on the NASDAQ Capital 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 Nasdaq Capital Market. The Notice states that the Co

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Source: SEC EDGAR

accession 0001104659-23-030784

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