Landcadia Holdings IV, Inc.: Nasdaq/NYSE listing notice — Landcadia Holdings IV receives Nasdaq delisting notice for failing MVLS minimum

Landcadia Holdings IV, Inc.

Nasdaq notified Landcadia that MVLS was below $35M for 30 consecutive business days.
Company has until September 25, 2023 to regain compliance; stock continues trading on Nasdaq.
To regain compliance, MVLS must close at $35M or more for at least 10 consecutive business days.
If compliance not regained by deadline, Nasdaq will notify of delisting; company may appeal.
No assurance of regaining compliance or maintaining listing.

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

Landcadia Holdings IV, Inc. received a nasdaq deficiency notice notice regarding market value (rules 5550(b)(2)).

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

Exact text from the filing

April 3, 2023, Landcadia Holdings IV, Inc. (the “Company”) received a letter from the listing qualifications department staff of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that for the last 30 consecutive business days, the Company’s minimum Market Value of Listed Securities (“MVLS”) was below the minimum of $35 million required for continued listing on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(b)(2) (the “Market Value Standard”). The notice has no immediate effect on the listing of the Company’s common stock, and the Company’s common stock continues to trade

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Source: SEC EDGAR

accession 0001104659-23-043148

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