Newcourt Acquisition Corp: Nasdaq/NYSE listing notice — Newcourt Acquisition Corp receives Nasdaq delisting notice for MVLS deficiency

Newcourt Acquisition Corp

On April 3, 2023, Nasdaq notified Newcourt of non-compliance with Listing Rule 5450(b)(2)(A).
Company's Market Value of Listed Securities (MVLS) fell below the required $50 million threshold.
Newcourt has 180 calendar days, until October 2, 2023, to regain compliance.
If MVLS closes at $50M or more for 10 consecutive business days, compliance will be confirmed.
Failure to cure may lead to delisting; the company may appeal or transfer to Nasdaq Capital Market.

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 0.9

Newcourt Acquisition Corp received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5450(b)(2)(A)

Exact text from the filing

April 3, 2023, Newcourt Acquisition Corp (the “Company”) received a written notice (the “Letter”) from the Nasdaq Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company was not in compliance with Listing Rule 5450(b)(2)(A), requiring the Company to maintain a Market Value of Listed Securities (“MVLS”) of $50,000,000 for the continued listing of its securities on The Nasdaq Global Market. The Letter is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company’s securities on Nasda

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Source: SEC EDGAR

accession 0001104659-23-042981

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