Blue Safari Group Acquisition Corp: Nasdaq/NYSE listing notice — Nasdaq notifies Blue Safari Group Acquisition Corp. of non-compliance with minimum public shares rule

Blue Safari Group Acquisition Corp

Received Nasdaq deficiency notice on March 9, 2023 for failing Minimum Public Shares Rule (Rule 5550(a)(4)).
Company must submit a plan to regain compliance by April 24, 2023.
Nasdaq may grant up to 180-day extension if plan is accepted.
If plan not accepted, Company can appeal to a Nasdaq Hearings Panel.

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 0.95

Blue Safari Group 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 9, 2023, Blue Safari Acquisition Corp., a British Virgin Islands business company (the “Company”) received a written notice (the “Notice”) from the Nasdaq Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company was not in compliance with Listing Rule 5550(a)(4), which requires the Company to have at least 500,000 publicly held shares for continued listing on the Nasdaq Capital Market (the “Minimum Public Shares Rule”). The Notice is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading

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Source: SEC EDGAR

accession 0001104659-23-032352

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