Patria Latin American Opportunity Acquisition Corp.: Nasdaq/NYSE listing notice — Patria Latin American Opportunity Acquisition Corp. receives Nasdaq warrant delisting notice

Patria Latin American Opportunity Acquisition Corp.

Nasdaq notified company on June 14, 2023 that aggregate market value of outstanding warrants fell below $1 million.
Company has 45 days (until July 31, 2023) to submit a plan to regain compliance.
If plan accepted, company has 180 days (until December 11, 2023) to evidence compliance.
Notice only affects warrants (PLAOW); ordinary shares (PLAO) and units (PLAOU) listing unaffected.
Company intends to submit a compliance plan but cannot assure regaining or maintaining listing.

Key facts

Extracted from this filing and checked against the source text.

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

Patria Latin American Opportunity Acquisition Corp. received a nasdaq deficiency notice notice regarding market value (rules 5452(b)(C)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5452(b)(C)

Exact text from the filing

Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that since the Company’s aggregate market value of its outstanding warrants was less than $1 million, the Company was no longer in compliance with the Nasdaq Global Market continued listing criteria set forth in Listing Rule 5452(b)(C), which requires the Company to maintain an aggregate market value of its outstanding warrants of at least $1 million (the “Notice”). The Notice additionally indicates that the Company, pursuant to the Listing Rules, has 45 calendar days, or until July 31, 2023, to submit a plan to regain

View on SEC.gov

Browse all listing & compliance notices →

Source: SEC EDGAR

accession 0001213900-23-049246

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.