AIB Acquisition Corp: Nasdaq/NYSE listing notice — AIB Acquisition receives Nasdaq deficiency notice for MVLS below $50M and MVPHS below $15M

AIB Acquisition Corp

On May 11, 2023, Nasdaq notified AIB that its Market Value of Listed Securities was below $50M for 30 consecutive business days.
Separate notification that Market Value of Publicly Held Shares was below $15M for the same period.
Company has 180 calendar days to regain compliance; listing unaffected for now.
If MVLS closes at $50M+ and MVPHS at $15M+ for 10 consecutive days, Nasdaq will confirm compliance.

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

AIB Acquisition Corp received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5450(b)(2)(A)

Exact text from the filing

May 11, 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 Publicly Held Shares (“MVPHS”) was below the $15 million minimum requirement for continued inclusion on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(b)(3)(C) (the “MVPHS Requirement”). The notifications received have no immediate effect on the Company’s Nasdaq listing. The Nasdaq rules provide the Company a compliance period of 180 calendar days in which to regain compliance. If at anytime duri

View on SEC.gov

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

AIB Acquisition Corp received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(3)(C)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5450(b)(3)(C)

Exact text from the filing

May 11, 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 Publicly Held Shares (“MVPHS”) was below the $15 million minimum requirement for continued inclusion on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(b)(3)(C) (the “MVPHS Requirement”). The notifications received have no immediate effect on the Company’s Nasdaq listing. The Nasdaq rules provide the Company a compliance period of 180 calendar days in which to regain compliance. If at anytime duri

View on SEC.gov

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Source: SEC EDGAR

accession 0001213900-23-040850

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