ALSP Orchid Acquisition Corp I: Nasdaq/NYSE listing notice — Nasdaq notifies ALSP Orchid of non-compliance with minimum total holders rule

ALSP Orchid Acquisition Corp I

Received Nasdaq notice on Oct 9, 2023 for failing to maintain at least 400 total holders on Nasdaq Global Market.
Company has 45 days (until Nov 24, 2023) to submit a plan to regain compliance.
If plan accepted, Nasdaq may grant up to 180-day extension; otherwise company can appeal.
No immediate effect on listing or trading of securities; monitoring holder count and considering options.

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

ALSP Orchid 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

October 9, 2023, ALSP Orchid Acquisition Corporation I., a Cayman Islands exempted company (the “Company”), received a written notice (the “Notice”) from the Nasdaq Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company was not in compliance with Nasdaq Listing Rule 5450(a)(2), which requires the Company to maintain at least 400 total holders 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 trad

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Source: SEC EDGAR

accession 0001193125-23-255095

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