secwatch.observer — SEC 8-K summary
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Issuer:     Monterey Innovation Acquisition Corp (—)
CIK:        0001860663
Form:       8-K
Filed at:   2023-10-13T23:59:59+00:00
Accession:  0001104659-23-109099
Event type: regulatory
Sentiment:  negative
Materiality: 0.55
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Monterey Innovation Acquisition Corp. receives Nasdaq deficiency notice for minimum total holders rule
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- Nasdaq notified on Oct 9, 2023 that company failed to maintain at least 400 total holders as required by Listing Rule 5450(a)(2).
- Company has 45 days (until Nov 24, 2023) to submit a plan to regain compliance.
- If Nasdaq accepts the plan, the company may get an extension until April 6, 2024 to evidence compliance.
- Notice has no immediate effect on listing or trading of MTRY, MTRYU, or MTYRW securities.
- Company intends to submit a compliance plan; failure could lead to delisting appeal process.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1860663/000110465923109099/0001104659-23-109099-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1860663/000110465923109099/tm2328411d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-109099

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