---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-032506"
form_type: "8-K"
ticker: null
cik: "0001849058"
company_name: "Clover Leaf Capital Corp."
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T16:48:35.925183+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Clover Leaf Capital receives two Nasdaq deficiency letters for public shares and MVLS

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-23-032506
- form_type: 8-K
- cik: 0001849058
- company_name: Clover Leaf Capital Corp.
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1849058/000121390023032506/0001213900-23-032506-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1849058/000121390023032506/ea177451-8k_cloverleaf.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-032506
- JSON: https://secwatch.observer/filing/0001213900-23-032506.json
- Plain text: https://secwatch.observer/filing/0001213900-23-032506.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1849058/000121390023032506/0001213900-23-032506-index.htm
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1849058/000121390023032506/0001213900-23-032506-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.