bleuacacia ltd: Nasdaq/NYSE listing notice — bleuacacia receives Nasdaq deficiency notice for MVLS below $50M minimum

bleuacacia ltd

Received Nasdaq deficiency notice on July 5, 2023 for failing minimum Market Value of Listed Securities (MVLS) of $50M.
Has 180 calendar days (through Jan 2, 2024) to regain compliance by closing MVLS ≥$50M for 10 consecutive business days.
May transfer listing to Nasdaq Capital Market if unable to regain compliance on Global Market.
Notice is a deficiency notification, not immediate delisting; no effect on current listing.
Company intends to consider options to resolve non-compliance.

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 0.9

bleuacacia ltd received a nasdaq noncompliance notice notice regarding market value (rules 5450(b)(2)(A)).

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

Exact text from the filing

July 5, 2023, bleuacacia ltd (the “Company”) received written notice from the Listing Qualifications department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) that the Company was not in compliance with the continued listing requirement to maintain a minimum Market Value of Listed Securities (“MVLS”) of $50,000,000, as set forth in Nasdaq Listing Rule 5450(b)(2)(A). In accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company has a period of 180 calendar days, or until January 2, 2024, to regain compliance with the minimum MVLS requirement. To regain compliance, the Company’s M

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Source: SEC EDGAR

accession 0001140361-23-033945

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