AltEnergy Acquisition Corp (AEAE): Nasdaq/NYSE listing notice — AltEnergy Acquisition Corp gets Nasdaq MVPHS deficiency notice; applies for transfer to Capital Market

AltEnergy Acquisition Corp

Received Nasdaq notice on May 7, 2024 that MVPHS below $15M for 30 consecutive business days.
Has 180 days (until Nov 3, 2024) to regain compliance by closing MVPHS at or above $15M for 10 days.
Previously disclosed non-compliance with minimum total holder requirement under Rule 5450(a)(2).
Submitted application on May 8, 2024 to transfer listing from Global Market to Capital Market.
If transfer not approved and compliance not regained, may face delisting with potential appeal to Nasdaq Panel.

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

AltEnergy Acquisition Corp received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(C)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5450(b)(2)(C)

Exact text from the filing

May 7, 2024, AltEnergy Acquisition Corp. (the “Company”) received written notice from Nasdaq (the “Letter”) notifying it that, for the 30 consecutive business days prior to the date of the Letter, the Company’s Market Value of Publicly Held Shares (“MVPHS”) was below the minimum of $15 million required for continued listing on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(b)(2)(C). The notice has no immediate impact on the listing of the Company’s common stock and warrants, which will continue to be listed and trade on Nasdaq subject to the Company’s continued compliance with t

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5 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

AltEnergy Acquisition Corp filing history →

Source: SEC EDGAR

accession 0001193125-24-137135

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