Investcorp AI Acquisition Corp.: Nasdaq/NYSE listing notice — Investcorp AI Acquisition Corp. receives Nasdaq notice for failing $50M market value listing requirement

Investcorp AI Acquisition Corp.

Company received Nasdaq Notification Letter on November 29, 2024 for non-compliance with minimum $50,000,000 market value of listed securities (MVLS) requirement.
Nasdaq Rule 5450(b)(3)(A) violation based on MVLS measured from September 27, 2024 to November 27, 2024.
Company has 180 calendar days, until May 28, 2025, to regain compliance by closing MVLS at $50M+ for ten consecutive business days.
If compliance not regained, securities (IVCA, IVCAU, IVCAW) face delisting; company may consider transfer to Nasdaq Capital Market.
No immediate effect on listing; company will monitor MVLS and take measures to regain compliance.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Investcorp AI Acquisition Corp. received a nasdaq noncompliance notice notice regarding market value (rules 5450(b)(3)(A)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: market value
Rules: 5450(b)(3)(A)

Exact text from the filing

November 29, 2024, Investcorp AI Acquisition Corp., a Cayman Islands exempted company (the “ Company ”) received a notification letter (the “ Notification Letter ”) from the Listing Qualifications Department (the “ Staff ”) of the Nasdaq Stock Market LLC (“ Nasdaq ”) indicating that the Company’s listed securities fail to comply with the minimum of $50,000,000 market value of listed securities (“ MVLS ”) requirement for continued listing on the Nasdaq Global Market in accordance with Nasdaq Listing Rule 5450(b)(3)(A) (the “ Rule ”) based upon the Company’s MVLS from September 27, 2024 to Novem

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Source: SEC EDGAR

accession 0001193125-24-271511

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