{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-037858","form_type":"8-K","ticker":null,"cik":"0001768910","company_name":"Greencity Acquisition Corp","filed_at":"2023-03-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.470080+00:00","generated_at":"2026-06-17T10:43:26.771627+00:00","sec_items":["3.01"],"event_type":"regulatory","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Greencity Acquisition receives Nasdaq deficiency notice for minimum market value of listed securities","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-037858","json":"https://secwatch.observer/filing/0001104659-23-037858.json","markdown":"https://secwatch.observer/filing/0001104659-23-037858.md","text":"https://secwatch.observer/filing/0001104659-23-037858.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1768910/000110465923037858/0001104659-23-037858-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1768910/000110465923037858/tm2310778d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T10:43:26.771627+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"de7fc976ab2bcad104804766c08c6fa423a45187","claim":"Greencity Acquisition Corp received a nasdaq deficiency notice notice regarding market value (rules 5550(b)(2)).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 3.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1768910/000110465923037858/0001104659-23-037858-index.htm","confidence":0.98,"family_label":"Listing & Compliance Notices","details":[{"label":"Exchange","value":"nasdaq"},{"label":"Notice","value":"deficiency notice"},{"label":"Deficiency","value":"market value"},{"label":"Rules","value":"5550(b)(2)"}],"fact_type":"exchange_compliance_notice"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}