Sustainable Development Acquisition I Corp.: Nasdaq/NYSE listing notice — SDAC receives Nasdaq deficiency notice for failure to meet minimum MVLS of $35M

Sustainable Development Acquisition I Corp.

Received Nasdaq notice on June 15, 2023 for not meeting minimum Market Value of Listed Securities ($35M) over 30 consecutive business days.
Has 180 calendar days until December 12, 2023 to regain compliance by closing at or above $35M for 10 consecutive business days.
If not compliant by deadline, securities may be delisted; company may appeal to a Hearings Panel.
Company intends to monitor and consider 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 0.95

Sustainable Development Acquisition I Corp. received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2), 5550(b)(2), 5810(c)(3)(c)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5450(b)(2), 5550(b)(2), 5810(c)(3)(c)

Exact text from the filing

June 15, 2023, Sustainable Development Acquisition I Corp. (the “ Company ”) received a notification letter (the “ Notification Letter ”) from The Nasdaq Stock Market, LLC (“ Nasdaq ”) that it is not in compliance with the minimum Market Value of Listed Securities (the “ MVLS ”) set forth in Nasdaq Listing Rule 5450(b)(2) for continued listing on Nasdaq. Nasdaq Listing Rule 5550(b)(2) requires listed securities to maintain a MVLS of $35,000,000, and Nasdaq Listing Rule 5810(c)(3)(c) provides that a failure to meet the minimum MVLS requirement exists if the deficiency continues for a period of

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Source: SEC EDGAR

accession 0001193125-23-170118

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