secwatch.observer — SEC 8-K summary
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Issuer:     AIB Acquisition Corp (—)
CIK:        0001882963
Form:       8-K
Filed at:   2023-05-17T23:59:59+00:00
Accession:  0001213900-23-040850
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AIB Acquisition receives Nasdaq deficiency notice for MVLS below $50M and MVPHS below $15M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1882963/000121390023040850/0001213900-23-040850-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1882963/000121390023040850/ea178771-8k_aibacq.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-040850

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