UTA Acquisition Corp: Nasdaq/NYSE listing notice — UTA Acquisition Corp receives Nasdaq deficiency notice for warrant market value below $1M

UTA Acquisition Corp

Notice from Nasdaq on June 14, 2023: fails to maintain $1M aggregate market value of outstanding warrants per Rule 5452(b)(C).
Company has until July 31, 2023 to submit a plan to regain compliance; Nasdaq may grant up to 180-day extension.
No immediate effect on listing or trading of securities on Nasdaq Global Market.
Intends to respond within required timeframe and evaluate options for compliance plan.

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 0.9

UTA Acquisition Corp received a nasdaq deficiency notice notice regarding market value (rules 5452(b)(C)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5452(b)(C)

Exact text from the filing

June 14, 2023, UTA Acquisition Corporation (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with Listing Rule 5452(b)(C) of the Nasdaq Global Market, which requires the Company to maintain a minimum of $1,000,000 in aggregate market value of its outstanding warrants for continued listing on the Nasdaq Global Market. The Notice is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Compa

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Source: SEC EDGAR

accession 0001193125-23-171170

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