ShoulderUP Technology Acquisition Corp.: Nasdaq/NYSE listing notice — ShoulderUp Technology Acquisition Corp. receives NYSE delisting notice for public float shortfall

ShoulderUP Technology Acquisition Corp.

NYSE notified company on Dec 1, 2023 that as of Nov 28, 2023 it fails the $40M average public float market cap requirement over 30 trading days.
NYSE will seek SEC approval to delist the company's securities; company has a right to appeal the determination.
Delisting risk could materially impair liquidity, market price, and the company's ability to complete a business combination.
Company is evaluating possible alternatives in response to the non-compliance notice.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

ShoulderUP Technology Acquisition Corp. received a nyse deficiency notice notice regarding market value (rules 802.01B).

Exchange: nyse
Notice: deficiency notice
Deficiency: market value
Rules: 802.01B

Exact text from the filing

December 1, 2023, ShoulderUp Technology Acquisition Corp., a Delaware corporation (the “ Company ”) received notice (the “ Notice ”) from the New York Stock Exchange (the “ NYSE ”) that the Company, as of November 28, 2023, is not in compliance with the continued listing standard set forth in Section 802.01B of the NYSE’s Listed Company Manual (the “ Listing Rule ”). The Listing Rule requires a listed acquisition company to maintain an average aggregate global market capitalization attributable to its publicly held shares (a “ public float ”) over a consecutive 30 trading day period of at leas

View on SEC.gov

Browse all listing & compliance notices →

Source: SEC EDGAR

accession 0001213900-23-092737

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.