Global Gas Corp (HGAS): Nasdaq/NYSE listing notice — Dune Acquisition receives Nasdaq delisting notice for MVLS below $35M minimum

Global Gas Corp

Nasdaq notified Dune on March 24, 2023, that MVLS of Class A common stock was below $35M for 30 consecutive business days.
Company has 180 calendar days, until September 20, 2023, to regain compliance by achieving MVLS >= $35M for 10 consecutive business days.
Failure to comply by deadline will result in delisting of Class A common stock; company may appeal.
Dune is monitoring MVLS and evaluating options to regain compliance.

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 0.95

Global Gas Corp received a nasdaq deficiency notice notice regarding market value (rules 5550(b)(2), 5810(c)(3)(C)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5550(b)(2), 5810(c)(3)(C)

Exact text from the filing

March 24, 2023, Dune Acquisition Corporation (the “Company”) received a notice from the staff of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, for the previous 30 consecutive business days, the minimum Market Value of Listed Securities (“MVLS”) for the Company’s Class A common stock was below the $35 million minimum MVLS requirement for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(b)(2) (the “MLVS Rule”). In accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company will have 180 calendar days, or until September 20, 2023, to regain compliance wit

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Global Gas Corp filing history →

Source: SEC EDGAR

accession 0001213900-23-024613

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