Distoken Acquisition Corp: Nasdaq/NYSE listing notice — Distoken Acquisition receives Nasdaq deficiency notice for MVLS below $50M minimum

Distoken Acquisition Corp

Received Nasdaq letter on Jan 7, 2025; MVLS below $50M for 32 consecutive business days.
Compliance period ends July 7, 2025; need MVLS >= $50M for 10 consecutive days.
If unable to regain compliance, securities (DIST, DISTW, DISTR) subject to delisting.
Company will monitor MVLS and consider available options to regain compliance.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

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

Distoken Acquisition Corp received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5450(b)(2)(A)

Exact text from the filing

January 7, 2025, Distoken Acquisition Corporation (the “ Company ”) received a deficiency letter from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market (“ Nasdaq ”) notifying the Company that

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Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Distoken Acquisition Corp received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5450(b)(2)(A)

Exact text from the filing

January 7, 2025, Distoken Acquisition Corporation (the “ Company ”) received a deficiency letter from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market (“ Nasdaq ”) notifying the Company that, for the preceding 32 consecutive business days, the Company’s Market Value of Listed Securities (“ MVLS ”) was below the $50 million minimum requirement for continued inclusion on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(b)(2)(A) (the “ MVLS Requirement ”). The notification received has no immediate effect on the Company’s Nasdaq listing. The Nasdaq rules

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Source: SEC EDGAR

accession 0001104659-25-002840

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