Mobile Infrastructure Corp (BEEP): Nasdaq/NYSE listing notice — FWAC receives Nasdaq deficiency notice for having fewer than 300 public holders

Mobile Infrastructure Corp

Nasdaq notified FWAC on Feb 13, 2023 of non-compliance with Minimum Public Holders Rule (300 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 days extension to evidence compliance.
Delisting not imminent; trading on Nasdaq Capital Market continues pending review.
Failure to regain compliance could lead to delisting appeal process.

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

Mobile Infrastructure Corp received a nasdaq deficiency notice notice regarding shareholders (rules 5550(a)(3)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: shareholders
Rules: 5550(a)(3)

Exact text from the filing

February 13, 2023, Fifth Wall Acquisition Corp. III (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 C

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Mobile Infrastructure Corp filing history →

Source: SEC EDGAR

accession 0001193125-23-040249

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