regulatory
confidence high
sentiment negative
materiality 0.70
Clover Leaf Capital Corp.: Nasdaq/NYSE listing notice — Clover Leaf Capital receives Nasdaq deficiency notice for failing minimum public holders requirement
Clover Leaf Capital Corp.
- Nasdaq notified Clover Leaf on Aug 31, 2023 that it no longer meets the minimum 300 public holders for The Nasdaq Capital Market.
- No immediate delisting; company has 45 days, until Oct 16, 2023, to submit a plan to regain compliance.
- Failure to regain compliance could impact the SPAC's ability to complete a business combination and maintain its listing.
- Tickers affected: CLOE (common), CLOEU (units), CLOER (rights).