Social Leverage Acquisition Corp I: Nasdaq/NYSE listing notice — Social Leverage Acquisition Corp I receives Nasdaq delisting notice for MVLS non-compliance

Social Leverage Acquisition Corp I

Received notice on Nov 22, 2023 for failing to maintain $50M MVLS minimum for continued listing on Nasdaq Global.
Company requested hearing to stay suspension; hearing set for March 7, 2024.
Applied to transfer listing to Nasdaq Capital Market by Nov 29 deadline.
Securities continue trading pending hearing outcome; no guarantee of approval.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.97

Social Leverage Acquisition Corp I received a nasdaq delisting notice notice regarding market value (rules 5450(b)(2)(A)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: market value
Rules: 5450(b)(2)(A)

Exact text from the filing

d Warrants) (the “Securities”) because it has not regained compliance with the Market Value of Listed Securities (“MVLS”) standard. The market value of the Company’s listed Securities was below the $50,000,000 minimum MVLS requirement for continued listing on Nasdaq Global under Nasdaq Listing Rule 5450(b)(2)(A) (the “MLVS Rule”). As previously reported by the Company on its Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on April 3, 2023, the Staff initially notified the Company on April 3, 2023 that the minimum MVLS for the Company’s Securities were b

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Source: SEC EDGAR

accession 0001213900-23-090608

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