secwatch.observer — SEC 8-K summary
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Issuer:     Marblegate Acquisition Corp. (—)
CIK:        0001838513
Form:       8-K
Filed at:   2023-07-21T23:59:59+00:00
Accession:  0001193125-23-191482
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 2.03, 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marblegate Acquisition Corp. receives Nasdaq deficiency notice for low MVPHS; issues $500K promissory note
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- Nasdaq notice on July 19, 2023: Market Value of Publicly Held Shares below $15M for 30 consecutive days; compliance period until Jan 16, 2024.
- If MVPHS closes at $15M+ for 10 consecutive business days, Nasdaq will confirm compliance.
- Issued up to $500K promissory note to Marblegate Special Opportunities Master Fund for working capital; no interest, convertible at $10/share.
- Note due upon earliest of business combination or winding up; conversion shares identical to IPO private placement shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838513/000119312523191482/0001193125-23-191482-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838513/000119312523191482/d509059d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-191482

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