Inspirato Inc: Nasdaq/NYSE listing notice — Inspirato receives Nasdaq delisting notice for failing $15M public float requirement

Inspirato Inc

Nasdaq notified Inspirato on Nov 27, 2023 that it failed MVPHS Rule for 30 consecutive business days.
Must regain compliance by May 28, 2024; market value of publicly held shares must be at least $15M for 10 business days.
No immediate impact on listing or trading of ISPO common stock or ISPOW warrants.
Company evaluating options to regain compliance; if unsuccessful, may face delisting and can appeal.
Risk of delisting if not compliant by May 28, 2024; no assurance appeal would succeed.

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 0.95

Inspirato Inc received a nasdaq noncompliance notice notice regarding market value (rules 5450(b)(2)(C)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: market value
Rules: 5450(b)(2)(C)

Exact text from the filing

or the “Company”) received a notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) that the Company did not meet the $15,000,000 minimum market value of publicly held shares required to maintain continued listing as set forth in Nasdaq’s Listing Rule 5450(b)(2)(C) (the “MVPHS Rule”) for the 30-business day period ended November 20, 2023. The Notice has no immediate effect on the listing or trading of the Company’s Class A Common Stock or warrants on the Nasdaq Global Market. Under applicable Nasdaq rules, the Company will have 180 calendar days

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Source: SEC EDGAR

accession 0001104659-23-122865

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