---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-073852"
form_type: "8-K"
ticker: null
cik: "0001821606"
company_name: "Priveterra Acquisition Corp. II"
filed_at: "2023-06-22T23:59:59+00:00"
generated_at: "2026-06-13T19:15:53.620911+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Tastemaker terminates Quality Gold deal; gets Nasdaq delisting notice

## Summary
- Business Combination Agreement with Quality Gold terminated effective June 21, 2023 due to market conditions and SEC not declaring S-4 effective.
- Support Agreement and Sponsor Letter Agreement also terminated concurrently.
- Company received Nasdaq notice on June 15 for MVLS below $35 million; has 180 days until Dec 12, 2023 to regain compliance.
- CEO Andy Pforzheimer expressed disappointment over the failed deal.
- Company is considering options to regain Nasdaq compliance.

## SEC filing metadata
- accession: 0001104659-23-073852
- form_type: 8-K
- cik: 0001821606
- company_name: Priveterra Acquisition Corp. II
- filed_at: 2023-06-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.02, 3.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1821606/000110465923073852/0001104659-23-073852-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821606/000110465923073852/tm2319345d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-073852
- JSON: https://secwatch.observer/filing/0001104659-23-073852.json
- Plain text: https://secwatch.observer/filing/0001104659-23-073852.txt

## Key facts
- Listing & Compliance Notices
  Priveterra Acquisition Corp. II received a nasdaq noncompliance notice notice regarding market value (rules 5550(b)(2)).
  - Exchange: nasdaq
  - Notice: noncompliance notice
  - Deficiency: market value
  - Rules: 5550(b)(2)
  source text: June 15, 2023, the Company received a notice from The Nasdaq Stock Market LLC (“Nasdaq”) stating that, based on Nasdaq’s review of the Company’s Market Value of Listed Securities (“MVLS”) for the last 30 consecutive business days, the Company no longer meets the minimum MVLS requirement of $35 million for continued listing of the Company’s Class A common stock, par value $0.0001 per share (“Class A common stock”), on Nasdaq under Nasdaq Listing Rule 5550(b)(2) (the “MVLS Rule”). The Notice has no immediate effect on the listing of the Company’s Class A common stock on Nasdaq and, in accordance
  evidence_url: https://www.sec.gov/Archives/edgar/data/1821606/000110465923073852/0001104659-23-073852-index.htm
- Material Agreements
  Priveterra Acquisition Corp. II terminated Business Combination Agreement with Quality Gold Holdings, Inc., Tastemaker Merger Sub, Inc., QGM Merger Sub, Inc., J&M Merger Sub, Inc., L&L Merger Sub, Inc., Quality Gold Merger Sub, Inc., Quality Gold, Inc., QGM, LLC, J & M Group Holdings Inc., L & L Group Holdings, LLC (effective 2023-06-21).
  - Action: termination
  - Agreement: merger
  - Counterparty: Quality Gold Holdings, Inc., Tastemaker Merger Sub, Inc., QGM Merger Sub, Inc., J&M Merger Sub, Inc., L&L Merger Sub, Inc., Quality Gold Merger Sub, Inc., Quality Gold, Inc., QGM, LLC, J & M Group Holdings Inc., L & L Group Holdings, LLC
  - Effective: 2023-06-21
  source text: Group Holdings, LLC, an Ohio limited liability company, entered into a business combination agreement (as it may be amended, supplemented or otherwise modified from time to time, the “Business Combination Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1821606/000110465923073852/0001104659-23-073852-index.htm

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