other material
confidence high
sentiment negative
materiality 0.75
Minority Equality Opportunities Acquisition Inc.: Nasdaq/NYSE listing notice — MEOA receives Nasdaq deficiency notice for MVLS below $35M; 180 days to comply
Minority Equality Opportunities Acquisition Inc.
- Notice dated Jan 24, 2023: MVLS below $35M for 30 consecutive business days, violating Nasdaq Rule 5550(b)(2).
- Company has until July 24, 2023 to regain compliance; MVLS must close at $35M+ for 10 consecutive days.
- Proposed Digerati business combination may help meet initial listing standards; no immediate delisting effect.
- Company will monitor MVLS and consider options; no assurance of compliance.