Collective Audience, Inc.: Nasdaq/NYSE listing notice — Abri SPAC I receives Nasdaq deficiency notice for MVLS below $35M

Collective Audience, Inc.

On March 23, 2023, Nasdaq notified Abri SPAC I that MVLS was below $35M for 30 consecutive business days.
Company has 180 days (until September 19, 2023) to regain compliance by meeting $35M MVLS for 10 consecutive days.
The notice has no immediate effect on listing of ASPA, ASPAU, or ASPAW on Nasdaq Capital Market.
If compliance not regained, securities are subject to delisting; company may appeal to Hearings Panel.
Company will monitor MVLS and consider options, but cannot assure compliance will be achieved.

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

Collective Audience, Inc. 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 23, 2023, Abri SPAC I, Inc. (the “ Company ”), received a letter (the “ MVLS Notice ”) from the Listing Qualifications Department (the “ Staff ”) of The Nasdaq Stock Market LLC (“ Nasdaq ”) notifying the Company that for the last 30 consecutive business days prior to the date of the MVLS Notice, the Company’s Minimum Value of Listed Securities (“ MVLS ”) was less than $35.0 million, which does not meet the requirement for continued listing on The Nasdaq Capital Market, as required by Nasdaq Listing Rule 5550(b)(2) (the “ MVLS Rule ”). In accordance with Nasdaq Listing Rule 5810(c)(3)(C)

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Source: SEC EDGAR

accession 0001213900-23-024090

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