Alternus Clean Energy, Inc. (ALCE): Nasdaq/NYSE listing notice — Clean Earth Acquisitions gets Nasdaq extension to Dec 11, 2023 for warrant listing compliance

Alternus Clean Energy, Inc.

Nasdaq granted extension until Dec 11, 2023 to regain compliance with $1M aggregate market value rule for public warrants (CLINW).
Company's warrants had aggregate market value of $575,000 as of March 31, 2023, below the minimum $1M threshold.
Plan to regain compliance submitted July 28, 2023; extension received Aug 9, 2023.
Failure to demonstrate compliance by Dec 11, 2023 will result in delisting notice and potential appeal.
Company warns it may not be able to regain compliance despite diligent efforts.

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

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 the 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 0001104659-23-091400

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