Marblegate Acquisition Corp.: Nasdaq/NYSE listing notice — Marblegate Acquisition Corp. receives Nasdaq deficiency notice for MVLS below $50M

Marblegate Acquisition Corp.

Received Nasdaq deficiency notice on March 31, 2023 for failing minimum Market Value of Listed Securities of $50M on Global Market.
Has 180 days, until September 27, 2023, to regain compliance by closing at MVLS ≥$50M for 10 consecutive business days.
May consider options including proposed business combination with DePalma Acquisition I & II or transfer to Nasdaq Capital Market.
If not compliant by deadline, securities subject to delisting; company may appeal to Nasdaq Panel.

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 0.95

Marblegate Acquisition Corp. 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 31, 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 is no longer in compliance with the minimum Market Value of Listed Securities (“MVLS”) of $50 million for continued listing on The Nasdaq Global Market, as set forth in Nasdaq Listing Rule 5450(b)(2)(A) (the “MVLS Requirement”). This notification has no immediate effect on the listing or trading of the Company’s common stock on The Nasdaq Global Market and the Company’s Class A common

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Source: SEC EDGAR

accession 0001193125-23-094170

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