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

Mercato Partners Acquisition Corp

Received Nasdaq letter on Apr 5, 2023 for common stock MVLS below $50M for 30 consecutive days.
Has 180 days until Oct 2, 2023 to regain compliance by closing above $50M for 10 consecutive business days.
If non-compliant, may transfer to Nasdaq Capital Market or face delisting; company monitoring options.

Key facts

Extracted from this filing and checked against the source text.

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

Mercato Partners 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

April 5, 2023, Mercato Partners Acquisition Corporation, 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 d

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Source: SEC EDGAR

accession 0001193125-23-095264

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