secwatch.observer — SEC 8-K summary
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Issuer:     ExcelFin Acquisition Corp. (—)
CIK:        0001852749
Form:       8-K
Filed at:   2024-04-12T23:59:59+00:00
Accession:  0001104659-24-046647
Event type: regulatory
Sentiment:  negative
Materiality: 0.60
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ExcelFin receives Nasdaq deficiency notice for failing minimum total holders rule
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- Nasdaq notified ExcelFin on April 10, 2024 of non-compliance with Listing Rule 5450(a)(2) requiring at least 400 total holders.
- Company has until May 28, 2024 to submit a plan to regain compliance; Nasdaq may grant up to 180-day extension.
- Non-compliance has no immediate effect on listing or trading; failure to cure could lead to delisting.
- No impact on business combination timeline disclosed; forward-looking statements caution about regaining compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1852749/000110465924046647/0001104659-24-046647-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1852749/000110465924046647/tm2411578d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-046647

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