Blue Safari Group Acquisition Corp: Nasdaq/NYSE listing notice — Blue Safari Group receives Nasdaq MVLS non-compliance notice; must regain by Sept 19, 2023

Blue Safari Group Acquisition Corp

Nasdaq letter dated March 23, 2023: MVLS below $35M for 30 consecutive business days.
Company has 180 calendar days, until September 19, 2023, to regain compliance.
No immediate effect on listing; if not cured, securities subject to delisting.
To regain compliance, MVLS must be at least $35M for 10 consecutive business days.

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 noncompliance notice notice regarding market value (rules 5550(b)(2)).

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

Exact text from the filing

March 23, 2023, Blue Safari Group Acquisition Corp. (the “ Company ”) received a letter (the “ MVLS Notice ”) from the Listing Qualifications Department (the “ Staff ”) of The Nasdaq Stock Market LLC (“ Nasdaq ”) notifying the Company that for the last 30 consecutive business days prior to the date of the MVLS Notice, the Company’s Minimum Market Value of Listed Securities (“ MVLS ”) was less than $35.0 million, which does not meet the requirement for continued listing on The Nasdaq Capital Market, as required by Nasdaq Listing Rule 5550(b)(2) (the “ MVLS Rule ”). In accordance with Nasdaq Lis

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Source: SEC EDGAR

accession 0001104659-23-038344

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