secwatch.observer — SEC 8-K summary
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Issuer:     ShoulderUP Technology Acquisition Corp. (—)
CIK:        0001885461
Form:       8-K
Filed at:   2023-12-04T23:59:59+00:00
Accession:  0001213900-23-092737
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1885461/000121390023092737/0001213900-23-092737-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1885461/000121390023092737/ea189466-8k_shoulderup.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-092737

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