Social Leverage Acquisition Corp I: Nasdaq/NYSE listing notice — Social Leverage Acquisition Corp I converts all Class B shares to Class A to meet NasdaqCM listing requirement

Social Leverage Acquisition Corp I

Sponsor converted 8,625,000 Class B shares into Class A on Jan 2, 2024; no Class B shares remain.
Company received Nasdaq delisting notice on Nov 22, 2023 for failing $50M MVLS standard.
Company applied to transfer listing to Nasdaq Capital Market; hearing set for Feb 15, 2024.
Conversion aims to achieve $35M minimum MVLS for NasdaqCM, but no assurance of approval.
Securities continue trading on Nasdaq Global pending Panel's final written decision.

Key facts

Extracted from this filing and checked against the source text.

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

Social Leverage Acquisition Corp I received a nasdaq delisting notice notice regarding market value (rules 5450(b)(2)(A), 5810(c)(3)(C)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: market value
Rules: 5450(b)(2)(A), 5810(c)(3)(C)

Exact text from the filing

d Warrants) (the “Securities”) because it has not regained compliance with the Market Value of Listed Securities (“MVLS”) standard. The market value of the Company’s listed Securities was below the $50,000,000 minimum MVLS requirement for continued listing on Nasdaq Global under Nasdaq Listing Rule 5450(b)(2)(A) (the “MLVS Rule”). As previously reported by the Company on its Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on April 3, 2023, the Staff initially notified the Company on April 3, 2023 that the minimum MVLS for the Company’s Securities were b

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Source: SEC EDGAR

accession 0001213900-24-000794

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