Moringa Acquisition Corp: Nasdaq/NYSE listing notice — Moringa Acquisition Corp receives Nasdaq delisting notice for failure to meet $35M market value requirement

Moringa Acquisition Corp

Received Nasdaq notice on June 15, 2023, for non-compliance with MVLS Rule requiring $35M market value of listed securities.
Has 180 days, until December 12, 2023, to regain compliance by closing at $35M or more for 10 consecutive business days.
If compliance not achieved by deadline, Nasdaq may delist; company may appeal to a Hearings Panel.
Notice has no immediate effect on listing or trading of securities on Nasdaq Capital Market.

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 0.98

Moringa Acquisition 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 15, 2023, Moringa Acquisition Corp, a Cayman Islands exempted company (the “Company”), received a written notice (the “Notice”) from the Nasdaq Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company was not in compliance with Listing Rule 5550(b)(2) (the “MVLS Rule”), which requires the Company to have at least $35 million market value of listed securities (the “MVLS”) 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 tradin

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Source: SEC EDGAR

accession 0001213900-23-050608

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