Achari Ventures Holdings Corp. I: Nasdaq/NYSE listing notice — Achari Ventures receives Nasdaq delisting notice for MVLS and shareholder count deficiencies

Achari Ventures Holdings Corp. I

Received delisting notice on Oct 5, 2023 for failing to regain compliance with $50M MVLS requirement on Nasdaq Global.
Additional delisting basis on Oct 9, 2023: less than 400 total shareholders as of Sept 3, 2023.
Company intends to request hearing to stay suspension; securities continue trading until panel decision.
No assurance that hearing panel will grant extension to demonstrate compliance.

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

Achari Ventures Holdings Corp. I received a nasdaq delisting notice notice regarding shareholders (rules 5450(a)(2)).

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

Exact text from the filing

October 9, 2023, the Company received an additional letter from the Staff stating that on September 3, 2023, the Company reported less than the 400 total shareholders required under Nasdaq Listing Rule 5450(a)(2), and this matter serves as an additional basis for delisting the Company’s securities. The Company intends to request a hearing to stay the suspension of trading of the Company’s Securities, and the Company’s Securities will continue to trade on Nasdaq Global until the hearing process concludes and the Nasdaq hearings panel (the “ Panel ”) issues a written decision. There can be no as

View on SEC.gov

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

Achari Ventures Holdings Corp. I received a nasdaq delisting notice notice regarding market value (rules 5450(b)(2)(A)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: market value
Rules: 5450(b)(2)(A)

Exact text from the filing

October 5, 2023, Achari Ventures Holdings Corp. I, a Delaware company (the “ Company ”) received a letter (the “ Letter ”) from the staff at The Nasdaq Stock Market LLC (the “ Staff ”) stating that the Company has not regained compliance with the Market Value of Listed Securities (“ MVLS ”) requirement because the Company’s MVLS was below the $50,000,000 minimum MVLS requirement for the proceeding 30 consecutive trading days for continued listing on The Nasdaq Global Market (“ Nasdaq Global ”) under Nasdaq Listing Rule 5450(b)(2)(A) (the “ MLVS Rule ”). As previously disclosed, the Company was

View on SEC.gov

Browse all listing & compliance notices →

Source: SEC EDGAR

accession 0001193125-23-254176

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.