Newcourt Acquisition Corp: Nasdaq/NYSE listing notice — Newcourt Acquisition Corp receives Nasdaq notice for failing minimum 400 ordinary shareholders

Newcourt Acquisition Corp

Notice received October 9, 2023; deficiency under Listing Rule 5450(a)(2) – minimum 400 total holders of ordinary shares.
Company has until November 24, 2023 to submit a plan to regain compliance.
If Nasdaq accepts plan, an extension of up to 180 calendar days may be granted.
Company is evaluating options including transfer to Nasdaq Capital Market.
No immediate effect on listing of NCACU, NCAC, NCACW securities.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Newcourt Acquisition Corp received a nasdaq deficiency notice notice regarding shareholders (rules 5450(a)(2), 5810(c)(2)(C), 5810(c)(2)(B)(i)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: shareholders
Rules: 5450(a)(2), 5810(c)(2)(C), 5810(c)(2)(B)(i)

Exact text from the filing

October 9, 2023, Newcourt Acquisition Corp (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that, based on the number of beneficial holders and holders of record of the Company’s ordinary shares (the “Total Holders”), the Company no longer meets Listing Rule 5450(a)(2), which requires listed companies to maintain a minimum of 400 Total Holders. Nasdaq Listing Rule 5810(c)(2)(C) provides the Company with a period of 45 calendar days, or until November 24, 2023 (the “Compliance Date”), to submit a

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Source: SEC EDGAR

accession 0001104659-23-109140

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