Arogo Capital Acquisition Corp.: Nasdaq/NYSE listing notice — Arogo Capital receives Nasdaq MVLS deficiency notice; compliance deadline July 8, 2024

Arogo Capital Acquisition Corp.

Received Nasdaq notice Jan 10, 2024 for MVLS below $50M for 38 consecutive business days through Jan 9, 2024.
180-day compliance period ends July 8, 2024; must close MVLS at $50M+ for 10 consecutive days.
Non-compliance may lead to delisting; company could appeal or apply to transfer to Nasdaq Capital Market.
Prior redemption of 3,298,311 shares in September 2023 extension vote contributed to market value decline.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Arogo Capital 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

January 10, 2024, Arogo Capital Acquisition Corp. (the “Company”) received a letter (the “MVLS Deficiency Notice”) from the listing qualifications department staff (the “Staff”) of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that from November 13, 2023 to January 9, 2024, the Company’s Market Value of Listed Securities (“MVLS”) was below the minimum of $50 million required for continued listing on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(b)(2)(A) (the “MVLS Requirement”). The MVLS Deficiency Notice has no immediate effect on the listing of the Company’s common

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Source: SEC EDGAR

accession 0001213900-24-021508

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