---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-054331"
form_type: "8-K"
ticker: null
cik: "0001836274"
company_name: "Atlantic Coastal Acquisition Corp."
filed_at: "2023-05-01T23:59:59+00:00"
generated_at: "2026-06-16T05:17:40.529992+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Atlantic Coastal Acquisition receives Nasdaq delisting notice for insufficient publicly held shares

## Summary
- Received Nasdaq notice on Apr 27, 2023 for failing to maintain minimum 500,000 publicly held shares; currently 461,370.
- Must submit a compliance plan by June 12, 2023 under Listing Rule 5550(a)(4).
- Company expects deficiency resolved when certain 10% holders file Form 13Fs reflecting lower holdings as of Mar 31, 2023.

## SEC filing metadata
- accession: 0001104659-23-054331
- form_type: 8-K
- cik: 0001836274
- company_name: Atlantic Coastal Acquisition Corp.
- filed_at: 2023-05-01T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1836274/000110465923054331/0001104659-23-054331-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1836274/000110465923054331/tm2314282d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-054331
- JSON: https://secwatch.observer/filing/0001104659-23-054331.json
- Plain text: https://secwatch.observer/filing/0001104659-23-054331.txt

## Key facts
- Listing & Compliance Notices
  Atlantic Coastal Acquisition Corp. received a nasdaq deficiency notice notice regarding other (rules 5550(a)(4)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Rules: 5550(a)(4)
  source text: April 27, 2023, Atlantic Coastal Acquisition Corp. (the “Company”) received notice (“Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”) informing the Company that the Company was not in compliance with Nasdaq’s listing rules (the “Listing Rules”) as set forth in Listing Rule 5550(a)(4) given the Company’s failure to maintain a sufficient number of publicly held shares. Citing the Company’s Form 10-K for the year ending December 31, 2022, Nasdaq calculated the Company’s publicly held shares as 461,370 (which amount excludes shares held by officers, directors, or beneficial owners of 10 percen
  evidence_url: https://www.sec.gov/Archives/edgar/data/1836274/000110465923054331/0001104659-23-054331-index.htm

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