Alternus Clean Energy, Inc. (ALCE): Nasdaq/NYSE listing notice — NASDAQ notifies Clean Earth Acquisitions Corp. warrants below $1M MV minimum

Alternus Clean Energy, Inc.

Warrants (CLINW) aggregate MV reported as $575K, below $1M minimum required by NASDAQ listing rule 5452(b)(C).
Company has 45 days until July 28, 2023 to submit a plan to regain compliance; up to 180-day extension possible.
Notice applies only to public warrants; common stock, units, and rights listing unaffected at this time.
Failure to regain compliance could lead to delisting of warrants; company may appeal to a NASDAQ hearings panel.
Company intends to timely submit a plan but no assurance of acceptance or extension.

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 0.95

Alternus Clean Energy, Inc. received a nasdaq noncompliance notice notice regarding market value (rules 5452(b)(C)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: market value
Rules: 5452(b)(C)

Exact text from the filing

June 13, 2023, Clean Earth Acquisitions Corp. (the “Company”) received a letter (the “Notification Letter”) from the Listing Qualifications Department of NASDAQ Stock Market (the “Staff”) notifying the Company that the $575,000.00 aggregate market value of the Company’s outstanding public warrants, ticker symbol CLINW, as reported in the Company’s Quarterly Report on Form 10-Q for the period ended March 31, 2023, was below the minimum aggregate market value of $1,000,000.00 required for continued listing on the NASDAQ Capital Market as set forth in NASDAQ listing rule 5452(b)(C) (the “Rule”).

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Alternus Clean Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-072275

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