Fintech Ecosystem Development Corp.: Nasdaq/NYSE listing notice — Nasdaq notifies FinTech Ecosystem it fails minimum 400 total holders requirement

Fintech Ecosystem Development Corp.

Received Nasdaq Staff letter on Aug 10, 2023 for non-compliance with minimum 400 Total Holder rule.
Company must submit a compliance plan by September 25, 2023 to avoid suspension.
Intends to demonstrate compliance with Total Holder Requirement prior to deadline.
If plan rejected, will appeal to Nasdaq Hearings Panel; appeal stays suspension.

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

Fintech Ecosystem Development Corp. received a nasdaq deficiency notice notice regarding shareholders.

Exchange: nasdaq
Notice: deficiency notice
Deficiency: shareholders

Exact text from the filing

August 10, 2023, the Company received a letter from the Staff of the Listing Qualifications Department (the “ Staff ”) of the Nasdaq Stock Market LLC, stating that the Staff has determined that the Company has not complied with the requirements of the Nasdaq Listing Rules because the Company has not demonstrated that its securities comply with the minimum 400 Total Holder requirement. The letter from the Staff indicated that the Company has until September 25, 2023 to submit a plan to regain compliance. If Nasdaq does not accept the plan, the Company will have the opportunity to appeal the dec

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Source: SEC EDGAR

accession 0001213900-23-066260

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