secwatch.observer — SEC 8-K summary
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Issuer:     Seaport Global Acquisition II Corp. (—)
CIK:        0001869824
Form:       8-K
Filed at:   2023-09-15T23:59:59+00:00
Accession:  0001104659-23-101252
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Seaport Global Acquisition II receives Nasdaq deficiency notice for minimum holders and equity requirements
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- Nasdaq letter dated Sept. 12, 2023 cites failure to meet minimum 400 total stockholders (Rule 5450(a)(2)).
- Also fails to meet minimum $10M stockholders' equity (Rule 5450(b)(1)(A)) for Nasdaq Global Market.
- Company has 45 days to submit a compliance plan; Nasdaq may grant up to 180-day extension.
- If not cured, securities may be delisted; company may appeal or seek transfer to Nasdaq Capital Market.
- No assurance of regaining compliance; management evaluating available options.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1869824/000110465923101252/0001104659-23-101252-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1869824/000110465923101252/tm2326190d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-101252

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