Tempo Automation Holdings, Inc.: Nasdaq/NYSE listing notice — Tempo Automation receives Nasdaq deficiency notice for MVLS below $50M threshold

Tempo Automation Holdings, Inc.

Nasdaq letter on April 24, 2023: MVLS below $50M for 30 consecutive business days; violates Rule 5450(b)(2)(A).
Company has until October 23, 2023 to regain compliance by having MVLS >= $50M for 10 consecutive business days.
Failure to regain compliance may lead to delisting; company may transfer to Nasdaq Capital Market or appeal.
No immediate effect on listing or trading; company is evaluating available options to regain compliance.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Tempo Automation Holdings, Inc. 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 24, 2023, Tempo Automation Holdings, Inc. (the “Company”) received a letter (the “Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days prior to the date of the Letter, the Company’s Market Value of Listed Securities (“MVLS”) was below the $50 million minimum MVLS requirement for continued listing on the Nasdaq Global Market under Nasdaq Listing Rule 5450(b)(2)(A) (the “MVLS Rule”). The Letter is only a notification of deficiency, not of imminent delisting, and has no current eff

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Source: SEC EDGAR

accession 0001104659-23-049170

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