Clover Leaf Capital Corp.: Nasdaq/NYSE listing notice — Clover Leaf Capital receives two Nasdaq deficiency letters for public shares and MVLS

Clover Leaf Capital Corp.

On April 19, 2023, Nasdaq notified Clover Leaf it no longer meets the minimum 500,000 publicly held shares requirement (Rule 5550(a)(4)).
Company has 45 days, until June 5, 2023, to submit a plan to regain compliance with the public shares requirement.
On April 21, 2023, Nasdaq notified that Market Value of Listed Securities was below $35M minimum for 30 consecutive business days (Rule 5550(b)(2)).
Company has 180 days, until October 18, 2023, to regain MVLS compliance by closing at $35M or more for 10 consecutive business days.
Deficiencies have no immediate effect on listing; company intends to monitor and consider available options.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

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

Clover Leaf Capital Corp. 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

April 21, 2023, the Company received a deficiency letter from the Staff of Nasdaq notifying the Company that, for the preceding 30 consecutive business days, the Company’s Market Value of Listed Securities (“MVLS”) was below the $35 million minimum requirement for continued inclusion on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(b)(2) (the “MVLS Requirement”). The notification received has no immediate effect on the Company’s Nasdaq listing. In accordance with Nasdaq rules, the Company has been provided an initial period of 180 calendar days, or until October 18, 2023 (the

View on SEC.gov

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

Clover Leaf Capital Corp. received a nasdaq deficiency notice notice regarding other (rules 5550(a)(4)).

Exchange: nasdaq
Notice: deficiency notice
Rules: 5550(a)(4)

Exact text from the filing

April 19, 2023, Clover Leaf Capital Corp. (the “Company”) received a deficiency letter from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market (“Nasdaq”) notifying the Company that the Company longer meets the minimum 500,000 publicly held shares requirement for The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(4) (the “Public Shares Requirement”). The notification received has no immediate effect on the Company’s Nasdaq listing. In accordance with Nasdaq rules, the Company has 45 calendar days, or until June 5, 2023, to submit a plan to regain compl

View on SEC.gov

Browse all listing & compliance notices →

Source: SEC EDGAR

accession 0001213900-23-032506

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.