Achari Ventures Holdings Corp. I: Nasdaq/NYSE listing notice — Nasdaq notifies Achari Ventures of common stock MVLS non-compliance below $50M

Achari Ventures Holdings Corp. I

Received Nasdaq letter on March 23, 2023 for MVLS below $50M for 30 consecutive trading days.
Compliance period ends September 19, 2023; must achieve MVLS >= $50M for 10 consecutive business days.
Failure may allow transfer to Nasdaq Capital Market or lead to delisting with appeal rights.
Company will monitor and evaluate options, but no assurance of regaining compliance.

Key facts

Extracted from this filing and checked against the source text.

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

Achari Ventures Holdings Corp. I received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(A)).

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

Exact text from the filing

March 23, 2023, Achari Ventures Holdings Corp. I, a Delaware company (the “ Company ”) received a letter (the “ Letter ”) from the staff at The Nasdaq Global Market (“ Nasdaq ”) notifying the Company that, for the 30 consecutive trading days prior to the date of the Letter, the Company’s common stock had traded at a value below the minimum $50,000,000 “Market Value of Listed Securities” (“ MVLS ”) requirement set forth in Nasdaq Listing Rule 5450(b)(2)(A), which is required for continued listing of the Company’s common stock on Nasdaq. The Letter is only a notification of deficiency, not of im

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Source: SEC EDGAR

accession 0001193125-23-080531

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