secwatch.observer — SEC 8-K summary
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Issuer:     NORTHERN REVIVAL ACQUISITION Corp (—)
CIK:        0001831964
Form:       8-K
Filed at:   2023-04-11T23:59:59+00:00
Accession:  0001213900-23-028888
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Northern Revival receives Nasdaq delisting notice for MVLS below $35M; sponsor share conversion planned
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- Received Nasdaq MVLS notice on April 4, 2023; MVLS below $35M for 30 consecutive days.
- Sponsor converting 6,037,499 Class B shares to Class A to increase MVLS by ~$62M at $10.27 close.
- Compliance period expires October 3, 2023; must maintain MVLS >= $35M for 10 consecutive trading days.
- No immediate delisting, but risk remains if compliance not regained within 180 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831964/000121390023028888/0001213900-23-028888-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831964/000121390023028888/ea176815-8k_northerrev.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-028888

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer