Global Technology Acquisition Corp. I: Nasdaq/NYSE listing notice — GTAC receives Nasdaq deficiency notice for failing minimum public holders rule

Global Technology Acquisition Corp. I

Received notice on Oct 9, 2023 from Nasdaq Staff for non-compliance with Listing Rule 5450(a)(2) requiring 400 public holders.
Company has 45 days to submit a plan to regain compliance with the Minimum Public Holders Rule.
May consider transferring listing to Nasdaq Capital Market if it satisfies continued listing requirements.
No immediate delisting; extension possible up to 180 days if plan is accepted by Nasdaq.
There is no assurance that compliance will be regained or maintained; risk of delisting persists.

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

Global Technology Acquisition Corp. I received a nasdaq deficiency notice notice regarding other (rules 5450(a)(2)).

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

Exact text from the filing

October 9, 2023, Global Technology Acquisition Corp. I, a Cayman Islands exempted company (the “Company” or “GTAC”), received a written notice (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) (the “Minimum Public Holders Rule”), which requires the Company to maintain a minimum of 400 public holders for continued listing on the Nasdaq Global Market. The Notice is only a notification of deficiency, not of imminent delisting, and has no immedia

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Source: SEC EDGAR

accession 0001193125-23-255062

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