secwatch.observer — SEC 8-K summary
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Issuer:     RMG Acquisition Corp. III (—)
CIK:        0001838108
Form:       8-K
Filed at:   2023-12-27T23:59:59+00:00
Accession:  0001140361-23-059606
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

RMG III receives Nasdaq delisting notice; converts 3.5M shares to appeal
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- Received Nasdaq delisting determination on Dec 20, 2023, for failing to maintain $35M MVLS minimum.
- Intends to appeal by Dec 27; trading continues pending hearing outcome.
- Sponsor converted 3.5M Class B shares to Class A on Dec 26, increasing MVLS by ~$36.6M.
- No guarantee that appeal or conversion will prevent delisting from Nasdaq.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838108/000114036123059606/0001140361-23-059606-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838108/000114036123059606/ef20017505_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-059606

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