Blue World Acquisition Corp: Nasdaq/NYSE listing notice — Blue World Acquisition receives Nasdaq MVLS deficiency notice; has 180 days to comply

Blue World Acquisition Corp

Received Nasdaq letter on Dec 5, 2023: MVLS below $50M minimum for 30 consecutive business days.
Compliance period ends June 3, 2024; must achieve MVLS >= $50M for 10 consecutive days.
No immediate effect on listing; may transfer to Nasdaq Capital Market if non-compliance persists.
Company evaluating options but cannot assure regaining compliance with MVLS 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

Blue World Acquisition Corp received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(A)).

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

Exact text from the filing

December 5, 2023, Blue World Acquisition Corporation (the “ Company ”) received a letter (the “ Letter ”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“ Nasdaq ”) that, for the previous 30 consecutive business days, the Market Value of Listed Securities (“ MVLS ”) for the Company was below the $50 million minimum MVLS requirement for continued listing on the Nasdaq Global Market (the “ Global Market ”) under Nasdaq Listing Rule 5450(b)(2)(A) (the “ MVLS Rule ”). The Letter is only a notification of deficiency, not of imminent delisting, and has no current effect o

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Source: SEC EDGAR

accession 0001213900-23-094202

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