secwatch.observer — SEC 8-K summary
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Issuer:     DP Cap Acquisition Corp I (—)
CIK:        0001857803
Form:       8-K
Filed at:   2023-10-16T23:59:59+00:00
Accession:  0001140361-23-048339
Event type: regulatory
Sentiment:  negative
Materiality: 0.60
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

DP Cap Acquisition Corp I receives Nasdaq deficiency notice for minimum holder requirement
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1857803/000114036123048339/0001140361-23-048339-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1857803/000114036123048339/ef20012651_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-048339

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