---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-057088"
form_type: "8-K"
ticker: null
cik: "0001841586"
company_name: "Industrial Tech Acquisitions II, Inc."
filed_at: "2023-07-14T23:59:59+00:00"
generated_at: "2026-06-13T08:22:30.935478+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# ITAQ receives Nasdaq deficiency notice for MVLS below $35M; plans to regain compliance via NEXT merger

## Summary
- On July 10, 2023, Nasdaq notified ITAQ that its Market Value of Listed Securities was below $35M for 37 consecutive business days, failing Listing Rule 5550(b)(2).
- ITAQ has 180 calendar days (until Jan 8, 2024) to regain compliance; MVLS must close at $35M+ for 10 consecutive days.
- Nasdaq also noted ITAQ does not meet the alternative equity (b)(1) or net income (b)(3) standards.
- ITAQ expects to complete its merger with NEXT Renewable Fuels before the compliance period, after which it will meet Nasdaq initial listing requirements.
- If compliance is not regained, securities may be delisted; ITAQ would have the right to appeal the decision.

## SEC filing metadata
- accession: 0001213900-23-057088
- form_type: 8-K
- cik: 0001841586
- company_name: Industrial Tech Acquisitions II, Inc.
- filed_at: 2023-07-14T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1841586/000121390023057088/0001213900-23-057088-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1841586/000121390023057088/ea181794-8k425_indust2.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-057088
- JSON: https://secwatch.observer/filing/0001213900-23-057088.json
- Plain text: https://secwatch.observer/filing/0001213900-23-057088.txt

## Key facts
- Listing & Compliance Notices
  Industrial Tech Acquisitions II, Inc. received a nasdaq deficiency notice notice regarding market value (rules 5550(b)(2), 5550(b)(1), 5550(b)(3)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: market value
  - Rules: 5550(b)(2), 5550(b)(1), 5550(b)(3)
  source text: July 10, 2023, Industrial Tech Acquisitions II, Inc., a Delaware corporation (the “ Company ” or “ ITAQ ”) received a deficiency notice from the Listing Qualifications Department (the “ Staff ”) of The Nasdaq Stock Market LLC (“ Nasdaq ”) notifying the Company that for the last 37 consecutive business days, the Company’s 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 ”). This notification has no immediate effect on the listing or
  evidence_url: https://www.sec.gov/Archives/edgar/data/1841586/000121390023057088/0001213900-23-057088-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.