secwatch.observer — SEC 8-K summary
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Issuer:     Progress Acquisition Corp. (—)
CIK:        0001833213
Form:       8-K
Filed at:   2023-01-27T23:59:59+00:00
Accession:  0001213900-23-005698
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Progress Acquisition Corp receives Nasdaq deficiency notice for MVLS below $35M minimum
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- Nasdaq notified on Jan 24, 2023 that MVLS was below $35M for 30 consecutive business days, violating Rule 5550(b)(2).
- Company has 180 days (until July 24, 2023) to regain compliance by achieving MVLS ≥$35M for 10 consecutive business days.
- If compliance not met by deadline, Nasdaq will issue delisting notice; company may appeal to Hearings Panel.
- No immediate effect on listing; company is evaluating options to regain compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1833213/000121390023005698/0001213900-23-005698-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1833213/000121390023005698/ea172247-8k_progressacq.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-005698

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