Senior Connect Acquisition Corp. I: Nasdaq/NYSE listing notice — Senior Connect Acquisition I receives Nasdaq delisting notice for MVLS below $35M

Senior Connect Acquisition Corp. I

Nasdaq notified SNRH on Mar 24, 2023 that MVLS was below $35M for 30 consecutive business days.
Company has 180 days (until Sept 20, 2023) to regain compliance by closing at $35M+ for 10 consecutive days.
If not regained, Nasdaq will delist; company may appeal to a hearings panel.
Common stock continues trading under SNRH pending compliance period.

Key facts

Extracted from this filing and checked against the source text.

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

Senior Connect Acquisition Corp. I received a nasdaq deficiency notice notice regarding market value (rules 5550(b)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5550(b)(2)

Exact text from the filing

March 24, 2023, Senior Connect Acquisition Corp. I (the “Company”) received a letter from the listing qualifications department staff of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that for the last 30 consecutive business days, the Company’s minimum Market Value of Listed Securities (“MVLS”) was below the minimum of $35 million required for continued listing on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(b)(2) (the “Market Value Standard”). The notice has no immediate effect on the listing of the Company’s common stock, and the Company’s common stock continues

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Source: SEC EDGAR

accession 0001213900-23-023727

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