Crescera Capital Acquisition Corp.: Nasdaq/NYSE listing notice — Crescera Capital receives Nasdaq deficiency notice for warrant value below $1M

Crescera Capital Acquisition Corp.

Nasdaq notified CREC on June 13, 2023 that warrant aggregate market value fell below $1 million.
Company must submit a compliance plan by July 28, 2023; if accepted, has until December 10, 2023 to regain compliance.
Deficiency only affects listing of CRECW warrants; CREC ordinary shares are not impacted.
Failure to regain compliance may lead to warrant delisting, with appeal rights.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Crescera Capital 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 28, 2023, to submit a plan to regain

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Source: SEC EDGAR

accession 0001213900-23-049248

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