ALSP Orchid Acquisition Corp I: Nasdaq/NYSE listing notice — ALSP Orchid Acquisition I receives Nasdaq deficiency notice for MVLS below $50M

ALSP Orchid Acquisition Corp I

Received Nasdaq deficiency notice on Apr 5, 2023 for failing $50M minimum Market Value of Listed Securities (MVLS) requirement.
Has 180 days (until Oct 2, 2023) to regain compliance by closing MVLS ≥ $50M for 10 consecutive business days.
If not compliant by deadline, Nasdaq may delist; company may transfer to Nasdaq Capital Market if eligible.
Securities continue trading on Nasdaq during compliance period.
Company intends to regain compliance within the specified period.

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

ALSP Orchid 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 5, 2023, ALSP Orchid Acquisition Corporation I (the “Company”) received a notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company was deficient in meeting the requirements of Listing Rule 5450(b)(2)(A), which requires the listed securities of the Company to maintain a minimum Market Value of Listed Securities (“MVLS”) of $50,000,000. The Letter is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company’s securities on Nasdaq. In accordance with Nasdaq Listing Rule 5810(c)(3)(C)

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Source: SEC EDGAR

accession 0001193125-23-096566

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