secwatch.observer — SEC 8-K summary
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Issuer:     Newcourt Acquisition Corp (—)
CIK:        0001849475
Form:       8-K
Filed at:   2023-04-07T23:59:59+00:00
Accession:  0001104659-23-042981
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Newcourt Acquisition Corp receives Nasdaq delisting notice for MVLS deficiency
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849475/000110465923042981/0001104659-23-042981-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849475/000110465923042981/tm2312111d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-042981

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