secwatch / observer
8-K filed February 28, 2024, 6:59 PM ET CIK 0001874218
regulatory confidence high sentiment negative materiality 0.90

Revelstone Capital Acquisition Corp.: Nasdaq/NYSE listing notice — Nasdaq to suspend Revelstone Capital Acquisition Corp. trading on March 4, 2024 for MVPH deficiency

Revelstone Capital Acquisition Corp.

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

Revelstone Capital Acquisition Corp. received a nasdaq delisting notice notice regarding market value (rules 5452, 5815(a)(1)(B)(ii)(c)).

Exchange
nasdaq
Notice
delisting notice
Deficiency
market value
Rules
5452, 5815(a)(1)(B)(ii)(c)
Exact text from the filing
February 22, 2024, Revelstone Capital Acquisition Corp. (“ RCAC ” or the “ Company ”) received a notice (the “ Notice ”) from the Nasdaq Stock Market LLC (“ Nasdaq ”), indicating that it failed to maintain a minimum average market value of publicly held shares of $40,000,000 for over 30 consecutive trading days, as required by Listing Rule 5452 (the “ Rule ”). Accordingly, and pursuant to Listing Rule 5815(a)(1)(B)(ii)(c)2 trading of the Company’s listed securities will be suspended from The Nasdaq Global Market on March 4, 2024 (the “ Suspension ”), and a Form 25-NSE will be filed with the Se
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Source: SEC EDGAR
accession 0001213900-24-018091
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