---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-038344"
form_type: "8-K"
ticker: null
cik: "0001853084"
company_name: "Blue Safari Group Acquisition Corp"
filed_at: "2023-03-29T23:59:59+00:00"
generated_at: "2026-06-17T11:08:41.168870+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Blue Safari Group receives Nasdaq MVLS non-compliance notice; must regain by Sept 19, 2023

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-038344
- form_type: 8-K
- cik: 0001853084
- company_name: Blue Safari Group Acquisition Corp
- filed_at: 2023-03-29T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1853084/000110465923038344/0001104659-23-038344-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1853084/000110465923038344/tm2310814d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-038344
- JSON: https://secwatch.observer/filing/0001104659-23-038344.json
- Plain text: https://secwatch.observer/filing/0001104659-23-038344.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1853084/000110465923038344/0001104659-23-038344-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.