DP Cap Acquisition Corp I: Nasdaq/NYSE listing notice — DP Cap Acquisition Corp I receives Nasdaq deficiency notice for minimum holder requirement

DP Cap Acquisition Corp I

Received Nasdaq letter on Oct 12, 2023 for non-compliance with minimum 400 total holders rule (Rule 5450(a)(2)).
Has 45 days (until Nov 27, 2023) to submit a plan to regain compliance.
If plan accepted, Nasdaq may grant up to 180-day extension to evidence compliance.
Company intends to submit plan but cannot assure it will regain compliance.
No immediate delisting effect; securities continue trading on Nasdaq Global Market.

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

DP Cap Acquisition Corp I received a nasdaq deficiency notice notice regarding other (rules 5450(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Rules: 5450(a)(2)

Exact text from the filing

October 12, 2023, DP Cap Acquisition Corp. (the “Company”) received a letter (the “Nasdaq Letter”) from the Listing Qualifications staff of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the Company is not in compliance with Nasdaq Listing Rule 5450(a)(2), which requires that the Company maintain a minimum of 400 total holders for continued listing on the Nasdaq Global Market (the “Minimum Total Holders Rule”). The Nasdaq Letter is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company’s securities o

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Source: SEC EDGAR

accession 0001140361-23-048339

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