---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-026921"
form_type: "8-K"
ticker: null
cik: "0001839185"
company_name: "Summit Healthcare Acquisition Corp."
filed_at: "2023-02-07T23:59:59+00:00"
generated_at: "2026-06-19T23:06:55.311620+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Summit Healthcare receives Nasdaq delisting notice for failing minimum public holders rule

## Summary
- Received Nasdaq notice on Feb 3, 2023 for non-compliance with Minimum Public Holders Rule (requires 300 public holders).
- Company has 45 calendar days to submit a plan to regain compliance with the rule.
- If plan accepted, Nasdaq may grant up to 180-day extension from the notice date.
- Notice is not an imminent delisting; securities continue trading on Nasdaq Capital Market.
- Company intends to submit a compliance plan within the required timeframe.

## SEC filing metadata
- accession: 0001193125-23-026921
- form_type: 8-K
- cik: 0001839185
- company_name: Summit Healthcare Acquisition Corp.
- filed_at: 2023-02-07T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1839185/000119312523026921/0001193125-23-026921-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1839185/000119312523026921/d420399d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-026921
- JSON: https://secwatch.observer/filing/0001193125-23-026921.json
- Plain text: https://secwatch.observer/filing/0001193125-23-026921.txt

## Key facts
- Listing & Compliance Notices
  Summit Healthcare Acquisition Corp. received a nasdaq deficiency notice notice regarding shareholders (rules 5550(a)(3)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: shareholders
  - Rules: 5550(a)(3)
  source text: February 3, 2023, Summit Healthcare Acquisition Corp. (the “Company”) received a written notice (the “Notice”) from the Nasdaq Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company was not in compliance with Listing Rule 5550(a)(3) (the “Minimum Public Holders Rule”), which requires the Company to have at least 300 public holders for continued listing on the Nasdaq Capital Market (the “Minimum Public Holders Rule”). The Notice is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1839185/000119312523026921/0001193125-23-026921-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.