secwatch.observer — SEC 8-K summary
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Issuer:     Global Technology Acquisition Corp. I (—)
CIK:        0001848821
Form:       8-K
Filed at:   2023-06-30T23:59:59+00:00
Accession:  0001193125-23-180559
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

GTAC receives Nasdaq delisting notice for MVLS below $50M threshold
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- Received Nasdaq notice on June 28, 2023 for failing MVLS minimum of $50M for 30 consecutive business days.
- Compliance period of 180 days until December 26, 2023 to regain compliance by closing at or above $50M for 10 consecutive business days.
- Company does not meet alternative Nasdaq Global Market standards (Equity, Total Assets/Total Revenue).
- GTAC may consider transferring listing to Nasdaq Capital Market but no assurance of success.
- Trading continues during cure period; if not cured, securities subject to delisting with possible appeal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1848821/000119312523180559/0001193125-23-180559-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1848821/000119312523180559/d367334d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-180559

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