Borealis Foods Inc. (BRLS): Nasdaq/NYSE listing notice — Oxus Acquisition Corp. receives Nasdaq deficiency notice for minimum public holders

Borealis Foods Inc.

Nasdaq notified Oxus on June 12, 2023, of non-compliance with Listing Rule 5550(a)(3) requiring at least 300 public holders.
Company has 45 calendar days to submit a compliance plan; listing not immediately affected.
If plan accepted, Nasdaq may grant up to 180-day extension; otherwise, Company can appeal to a Hearings Panel.
Trading symbols: OXUSU, OXUS, OXUSW on Nasdaq Capital Market.

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

Borealis Foods Inc. received a nasdaq deficiency notice notice regarding shareholders (rules 5550(a)(3)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: shareholders
Rules: 5550(a)(3)

Exact text from the filing

June 12, 2023, Oxus Acquisition Corp. (the “Company”) received a written notice (the “Notice”) from the listing qualifications department staff of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that the Company was not in compliance with Listing Rule 5550(a)(3) (the “Minimum Public Holders Rule”), which requires the Company to have at least 300 public holders for continued listing on the Nasdaq Capital 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 Nasdaq Capita

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20 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

Borealis Foods Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-048585

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