Genesis Growth Tech Acquisition Corp.: Nasdaq/NYSE listing notice — Genesis Growth Tech receives Nasdaq delisting notice for insufficient publicly held shares

Genesis Growth Tech Acquisition Corp.

Nasdaq notified GGAA on June 28 that publicly held shares (101,039) are below required 1.1M minimum.
Company must submit compliance plan by August 14, 2023; Nasdaq may grant extension to Dec 25, 2023.
Non-compliance with Nasdaq Listing Rule 5450(b)(1)(B); units, shares, and warrants continue trading for now.
If plan rejected, company can appeal to a Hearing Panel under Nasdaq Listing Rule 5815(a).

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

Genesis Growth Tech Acquisition Corp. received a nasdaq deficiency notice notice regarding other (rules 5450(b)(1)(B)).

Exchange: nasdaq
Notice: deficiency notice
Rules: 5450(b)(1)(B)

Exact text from the filing

June 28, 2023, Genesis Growth Tech Acquisition Corp. (the “ Company ”) received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“ Nasdaq ”) stating the Company was not in compliance with Nasdaq Listing Rule 5450(b)(1)(B), as a result of the number of publicly held shares of the Company as reported on the Company’s Form 10-K for the period ended December 31, 2022 (i.e., 101,039 shares), having fallen below the minimum of 1,100,000 publicly held shares required for continued listing. The Nasdaq notification letter has no immediate effect on the li

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Source: SEC EDGAR

accession 0001213900-23-053499

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