Prospector Capital Corp.: Nasdaq/NYSE listing notice — Prospector Capital Corp. receives Nasdaq MVLS deficiency notice; 180 days to comply

Prospector Capital Corp.

On June 16, 2023, Nasdaq notified Prospector Capital that its MVLS was below $35M minimum for 30 consecutive business days.
Company has until December 13, 2023, to regain compliance by achieving MVLS ≥ $35M for 10 consecutive business days.
Notice does not immediately affect listing; shares continue trading on Nasdaq Capital Market under symbol PRSR.
Company will monitor and evaluate options but cannot assure compliance; delisting possible if not regained by deadline.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

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

Prospector Capital Corp. received a nasdaq deficiency notice notice regarding market value (rules 5550(b)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5550(b)(2)

Exact text from the filing

June 16, 2023, Prospector Capital Corp. (the “Company”) received a letter from the listing qualifications department staff of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that for the last 30 consecutive business days, the Company’s minimum Market Value of Listed Securities (“MVLS”) was below the minimum of $35 million required for continued listing on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(b)(2) (the “Market Value Standard”). The Notice is only a notification of deficiency and not a notification of imminent delisting. The notice has no immediate effect on t

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Source: SEC EDGAR

accession 0001213900-23-050084

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