Social Leverage Acquisition Corp I: Nasdaq/NYSE listing notice — Social Leverage Acquisition Corp I receives Nasdaq MVLS deficiency notice for common stock

Social Leverage Acquisition Corp I

Nasdaq notified company on April 3, 2023 that common stock MVLS was below $50M for 30 consecutive trading days.
Company has 180 calendar days, until October 2, 2023, to regain compliance by achieving MVLS >= $50M for 10 consecutive business days.
If not compliant by deadline, company may transfer to Nasdaq Capital Market or face delisting; company is evaluating options.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Social Leverage Acquisition 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

April 3, 2023, Social Leverage Acquisition Corp I, a Delaware company (the “Company”) received a letter (the “Letter”) from the staff at The Nasdaq Stock Market LLC (“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 The Nasdaq Global Market. The Letter is only a notification of deficie

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Source: SEC EDGAR

accession 0001193125-23-094177

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