---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-092737"
form_type: "8-K"
ticker: null
cik: "0001885461"
company_name: "ShoulderUP Technology Acquisition Corp."
filed_at: "2023-12-04T23:59:59+00:00"
generated_at: "2026-06-07T18:56:38.136037+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ShoulderUp Technology Acquisition Corp. receives NYSE delisting notice for public float shortfall

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-23-092737
- form_type: 8-K
- cik: 0001885461
- company_name: ShoulderUP Technology Acquisition Corp.
- filed_at: 2023-12-04T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1885461/000121390023092737/0001213900-23-092737-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1885461/000121390023092737/ea189466-8k_shoulderup.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-092737
- JSON: https://secwatch.observer/filing/0001213900-23-092737.json
- Plain text: https://secwatch.observer/filing/0001213900-23-092737.txt

## Key facts
- Listing & Compliance Notices
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1885461/000121390023092737/0001213900-23-092737-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.