secwatch.observer — SEC 8-K summary
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Issuer:     Mercato Partners Acquisition Corp (—)
CIK:        0001853436
Form:       8-K
Filed at:   2022-11-21T23:59:59+00:00
Accession:  0001193125-22-289930
Event type: regulatory
Sentiment:  negative
Materiality: 0.50
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Mercato Partners Acquisition Corp receives Nasdaq noncompliance letter over Audit Committee composition
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- Director Joshua James resigned July 19, 2022, reducing Audit Committee to two independent directors, below Nasdaq's minimum of three.
- Nasdaq confirmed noncompliance on Nov 17, 2022; cure period ends at the earlier of next annual meeting or July 19, 2023.
- Company plans to appoint an additional independent director to the Board and Audit Committee prior to cure deadline.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1853436/000119312522289930/0001193125-22-289930-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1853436/000119312522289930/d423884d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-289930

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