secwatch.observer — SEC 8-K summary
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Issuer:     Greencity Acquisition Corp (—)
CIK:        0001768910
Form:       8-K
Filed at:   2023-03-10T23:59:59+00:00
Accession:  0001104659-23-030784
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Greencity Acquisition receives Nasdaq deficiency notice for minimum publicly held shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1768910/000110465923030784/0001104659-23-030784-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1768910/000110465923030784/tm239135d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-030784

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