Marblegate Acquisition Corp.: Nasdaq/NYSE listing notice — Marblegate Acquisition Corp. receives Nasdaq delisting notices for insufficient public shares and market value

Marblegate Acquisition Corp.

Publicly held shares below 1.1M minimum; 45 days to submit compliance plan.
Market Value of Publicly Held Shares (MVPHS) below $15M for 30 consecutive business days.
Compliance period for MVPHS extends to July 24, 2023; company will monitor and consider options.
No immediate effect on trading under symbol GATE; appeal rights if plan not accepted.

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

Marblegate Acquisition Corp. received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(C)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5450(b)(2)(C)

Exact text from the filing

a deficiency notice from the Staff indicating that, for the preceding 30 consecutive business days, the Company’s Market Value of Publicly Held Shares (“MVPHS”) was below the $15 million minimum requirement for continued listing on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(b)(2)(C) (the “MVPHS Requirement”). This notification has no immediate

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Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Marblegate Acquisition Corp. received a nasdaq deficiency notice notice regarding other (rules 5450(b)(1)(B)).

Exchange: nasdaq
Notice: deficiency notice
Rules: 5450(b)(1)(B)

Exact text from the filing

January 21, 2023, Marblegate Acquisition Corp. (the “Company”) received a deficiency notice from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company’s publicly held shares are below the 1,100,000 share minimum requirement for continued listing on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(b)(1)(B) (the “MPLS Requirement”). The notification states that the Company has 45 calendar days to submit a plan to regain compliance with the MPLS Requirement for continued listing. If Nasdaq accepts the Company’s plan, Nas

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Source: SEC EDGAR

accession 0001193125-23-016246

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