Opy Acquisition Corp. I: Nasdaq/NYSE listing notice — Nasdaq notifies OPY Acquisition Corp I of non-compliance with minimum shareholders rule

Opy Acquisition Corp. I

Received Nasdaq deficiency notice on Sept 12, 2023 for failing minimum 400 holders on Nasdaq Global Market.
Company has 45 days to submit a compliance plan; Nasdaq may grant up to 180-day extension.
No immediate delisting effect; securities continue trading on Nasdaq.
Company intends to submit a plan to regain compliance within required timeframe.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Opy Acquisition Corp. I received a nasdaq deficiency notice notice regarding shareholders (rules 5450(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: shareholders
Rules: 5450(a)(2)

Exact text from the filing

September 12, 2023, OPY Acquisition Corp. I (the “Company”) received a letter (the “Notice”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the Company was not in compliance with Listing Rule 5450(a)(2), which requires the Company to have at least 400 shareholders for continued listing on the Nasdaq Global Market (the “Minimum Total Holders Rule”). The Notice is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company’s securities on the Nasdaq

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Source: SEC EDGAR

accession 0001193125-23-236270

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