Pontem Corp: Nasdaq/NYSE listing notice — Pontem Corp loses independent director majority; NYSE gives until Nov 29 to cure

Pontem Corp

Resignation of director Erik Olsson on Nov 10, 2022 left Board non-compliant with NYSE independent director and audit committee requirements.
NYSE notice gives Pontem until Nov 29, 2022 to restore compliance before being deemed noncompliant.
No immediate effect on NYSE listing; Board searching for at least one new independent director.

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

Pontem Corp received a nyse deficiency notice notice regarding audit committee (rules 303A.07(a)).

Exchange: nyse
Notice: deficiency notice
Deficiency: audit committee
Rules: 303A.07(a)

Exact text from the filing

November 21, 2022, Pontem Corporation (the “Company”) notified the New York Stock Exchange (the “NYSE”) that the Company no longer had a majority of independent directors as required by Section 303A.01 of the NYSE Listed Company Manual and that the Company no longer had three directors on its Audit Committee as required by Section 303A.07(a) of the NYSE Listed Company Manual. The Company was not in compliance as the result of the resignation of Erik Olsson from the Company’s Board of Directors on November 10, 2022. On November 21, 2022, the Company received written notice from the NYSE that th

View on SEC.gov

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

Pontem Corp received a nyse deficiency notice notice regarding board independence (rules 303A.01).

Exchange: nyse
Notice: deficiency notice
Deficiency: board independence
Rules: 303A.01

Exact text from the filing

November 21, 2022, Pontem Corporation (the “Company”) notified the New York Stock Exchange (the “NYSE”) that the Company no longer had a majority of independent directors as required by Section 303A.01 of the NYSE Listed Company Manual and that the Company no longer had three directors on its Audit Committee as required by Section 303A.07(a) of the NYSE Listed Company Manual. The Company was not in compliance as the result of the resignation of Erik Olsson from the Company’s Board of Directors on November 10, 2022. On November 21, 2022, the Company received written notice from the NYSE that th

View on SEC.gov

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Source: SEC EDGAR

accession 0001213900-22-074945

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