Cactus Acquisition Corp. 1 Ltd: Nasdaq/NYSE listing notice — Cactus Acquisition Corp. receives Nasdaq deficiency notice for minimum holders rule

Cactus Acquisition Corp. 1 Ltd

Nasdaq notified Cactus Acquisition Corp. on Sept 8, 2023 of non-compliance with the minimum 400 total holders rule for the Nasdaq Global Market.
Company has 45 days (until Oct 23, 2023) to submit a plan to regain compliance; Nasdaq may grant up to 180-day extension.
The notice is a deficiency notification only; trading of securities on Nasdaq Global Market continues uninterrupted.
Company is evaluating options to regain compliance with the Minimum Total Holders Rule.

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

Cactus Acquisition Corp. 1 Ltd received a nasdaq deficiency notice notice regarding shareholders (rules 5450(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: shareholders
Rules: 5450(a)(2)

Exact text from the filing

September 8, 2023, Cactus Acquisition Corp. 1 Ltd., a Cayman Islands exempted company (the “ Company ”), received a written notice (the “ Notice ”) from the Nasdaq Listing Qualifications Department of The Nasdaq Stock Market (“ Nasdaq ”) indicating that the Company was not in compliance with Nasdaq Listing Rule 5450(a)(2), which requires the Company to maintain at least 400 total holders for continued listing on the Nasdaq Global Market (the “ Minimum Total Holders Rule ”). The Notice is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or t

View on SEC.gov

Browse all listing & compliance notices →

Source: SEC EDGAR

accession 0001213900-23-075726

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.