Schultze Special Purpose Acquisition Corp. II: Nasdaq/NYSE listing notice — Schultze SPAC II receives Nasdaq notice for failure to meet minimum 400 total holders rule

Schultze Special Purpose Acquisition Corp. II

Received Nasdaq notice on May 2, 2023 for non-compliance with Minimum Total Holders Rule requiring at least 400 holders.
Company has 45 days until June 16, 2023 to submit a compliance plan; Nasdaq may grant up to 180-day extension to October 29, 2023.
No immediate effect on listing or trading; company intends to submit a plan to regain compliance.

Key facts

Extracted from this filing and checked against the source text.

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

Schultze Special Purpose Acquisition Corp. II received a nasdaq deficiency notice notice regarding other (rules 5450(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Rules: 5450(a)(2)

Exact text from the filing

May 2, 2023, Schultze Special Purpose Acquisition Corp. II (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with Nasdaq Listing Rule 5450(a)(2) (the “Minimum Total Holders Rule”), which requires the Company to have at least 400 total holders for continued listing on the Nasdaq Global Market. The Notice is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company’s securities on the Na

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Source: SEC EDGAR

accession 0001213900-23-037344

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