RMG Acquisition Corp. III: Nasdaq/NYSE listing notice — Director Gregory resigns; RMG III loses Nasdaq independent board majority, gets cure period

RMG Acquisition Corp. III

Director W. Grant Gregory resigned from Board and Nominating Committee effective Oct 21, 2022.
Resignation left Board without majority independent directors, violating Nasdaq Rule 5605(b)(1).
Nasdaq notified the company on Oct 26, 2022 of non-compliance; cure period until Oct 21, 2023.
Mr. Gregory's resignation was not due to any dispute with the company.
Company intends to timely regain compliance with Nasdaq listing rules.

item 3.01 item 5.02

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Departed

W. Grant Gregory

Director

RMG Acquisition Corp. III

Effective: 2022-10-21
Filed: October 27, 2022, 7:59 PM ET

On October 21, 2022, Mr. Gregory notified the Company of his decision to resign as a member of the Board and the Nominating and Corporate Governance Committee of the Board, effective as of October 21, 2022.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.98

RMG Acquisition Corp. III received a nasdaq deficiency notice notice regarding board independence (rules 5605(b)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: board independence
Rules: 5605(b)(1)

Exact text from the filing

October 26, 2022, a notice from Nasdaq regarding its non-compliance with this rule. The Nasdaq notice stated that the Nasdaq Marketplace Rules have a cure period for the majority independent board requirement, which gives the Company until the earlier of the Company’s next annual meeting of shareholders or October 21, 2023 to regain compliance. The Company intends to timely regain compliance with the rule.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

W. Grant Gregory resigned as Director at RMG Acquisition Corp. III.

Action: resigned
Role: Director

Exact text from the filing

On October 21, 2022, Mr. Gregory notified the Company of his decision to resign as a member of the Board and the Nominating and Corporate Governance Committee of the Board, effective as of October 21, 2022.

View on SEC.gov

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Source: SEC EDGAR

accession 0001193125-22-269847

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