Greencity Acquisition Corp: Nasdaq/NYSE listing notice — Greencity Acquisition receives Nasdaq deficiency notice for minimum market value of listed securities

Greencity Acquisition Corp

Received Nasdaq notice on March 24, 2023 for non-compliance with Listing Rule 5550(b)(2) requiring $35M minimum market value of listed securities.
The notice has no immediate effect on trading of GRCYU, GRCY, GRCYW on Nasdaq Capital Market.
Company has 180 calendar days, until September 20, 2023, to regain compliance.

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 0.98

Greencity Acquisition Corp received a nasdaq deficiency notice notice regarding market value (rules 5550(b)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5550(b)(2)

Exact text from the filing

March 24, 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(b)(2) (the “Minimum Market Value of Listed Securities” or “MVLS”), which requires the Company to have at least 35 million market value of listed securities for continued listing on the NASDAQ Capital Market. The Notice is only a notification of deficiency and has no current effect on the listing or trading of the Company’s securities on the Nasdaq Capital Market. The Notice states that

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Source: SEC EDGAR

accession 0001104659-23-037858

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