Khosla Ventures Acquisition Co.: Nasdaq/NYSE listing notice — Khosla Ventures Acquisition Co. receives Nasdaq delisting notice for MVLS non-compliance

Khosla Ventures Acquisition Co.

Nasdaq notified KVSA on Aug 18, 2023 of failure to meet $35M minimum Market Value of Listed Securities (MVLS).
Company has compliance period until February 14, 2024 to regain compliance under Listing Rule 5550(b)(2).
To regain compliance, KVSA's MVLS must close at $35M or more for at least 10 consecutive business days.
KVSA is actively working to meet the MVLS requirement within the compliance period.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.99

Khosla Ventures Acquisition Co. received a nasdaq deficiency notice notice regarding other (rules 5550(b)(2), 5810(c)(3)(C)).

Exchange: nasdaq
Notice: deficiency notice
Rules: 5550(b)(2), 5810(c)(3)(C)

Exact text from the filing

August 18, 2023, Khosla Ventures Acquisition Co. (the “Company”) received a letter (the “Nasdaq Letter”) from the Listing Qualifications staff of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the Company is not in compliance with Nasdaq Listing Rule 5550(b)(2), which requires that the Company’s listed securities maintain a minimum Market Value of Listed Securities (“MVLS”) of $35 million. The Nasdaq Letter further provided that, pursuant to Nasdaq Listing Rule 5810(c)(3)(C), the Company is entitled to a compliance period to regain compliance with Nasdaq Listing Rule 5550(b)

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Source: SEC EDGAR

accession 0001193125-23-220102

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