Thunder Bridge Capital Partners III Inc.: Nasdaq/NYSE listing notice — Thunder Bridge Capital III receives Nasdaq MVLS deficiency notice; $35M minimum not met for 30 days

Thunder Bridge Capital Partners III Inc.

On June 15, 2023, Nasdaq notified Thunder Bridge that MVLS was below $35M for 30 consecutive business days.
Company has 180 calendar days (until Dec 21, 2023) to regain compliance with Nasdaq Listing Rule 5550(b)(2).
Compliance can be regained if MVLS closes at $35M or more for at least 10 consecutive business days.
No immediate effect on listing; Company intends to monitor and consider available options.
Deficiency letter received by SPAC Thunder Bridge Capital Partners III, Inc. (units, common stock, warrants listed on Nasdaq).

Key facts

Extracted from this filing and checked against the source text.

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

Thunder Bridge Capital Partners III Inc. 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, Thunder Bridge Capital Partners III, Inc. (the “Company”) received a deficiency letter from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market (“Nasdaq”) notifying the Company that, for the preceding 30 consecutive business days, the Company’s Market Value of Listed Securities (“MVLS”) was below the $35 million minimum requirement for continued inclusion on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(b)(2) (the “MVLS Requirement”). The notification received has no immediate effect on the Company’s Nasdaq listing. In accordance with

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Source: SEC EDGAR

accession 0001213900-23-051040

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