Evolution Metals & Technologies Corp. (EMAT): Nasdaq/NYSE listing notice — Welsbach Technology Metals receives Nasdaq delisting notice for failure to meet $50M MVLS requirement

Evolution Metals & Technologies Corp.

Nasdaq notified WTMA on Dec 7, 2023 that it fails to maintain $50M market value of listed securities on Global Market.
Company has 180 days to regain compliance; intends to transfer listing to Nasdaq Capital Market with $35M requirement.
No assurance that transfer or compliance with $35M MVLS requirement will be achieved.

Key facts

Extracted from this filing and checked against the source text.

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

Evolution Metals & Technologies 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 7, 2023, Welsbach Technology Metals Acquisition Corp., (the “Company” or “WTMA”) received a letter (the “Notice”) from the Nasdaq Listing Qualifications department of Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company, which is currently on Nasdaq Global Market (“NGM”) tier, no longer complies with the requirements of Nasdaq Listing Rule 5450(b)(2)(A) (the “NGM Rule”) for continued listing on Nasdaq. Under the NGM Rule, the Company is required to maintain at least $50,000,000 market value of listed securities (the “NGM MVLS Requirement”). The Notice indicates that the Company

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Evolution Metals & Technologies Corp. filing history →

Source: SEC EDGAR

accession 0001213900-23-094540

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