African Agriculture Holdings Inc.: Nasdaq/NYSE listing notice — African Agriculture receives Nasdaq deficiency notice for MVLS below $50M

African Agriculture Holdings Inc.

On March 21, 2024, Nasdaq notified African Agriculture (AAGR) that its MVLS was below $50M for 32 consecutive business days.
Company has 180 calendar days (until Sept 17, 2024) to regain compliance by closing MVLS at or above $50M for 10 consecutive business days.
Non-compliance adds an indicator on NASDAQ.com; no immediate impact on listing or trading of common stock and warrants.
If unable to comply by deadline, company may be eligible to transfer listing to Nasdaq Capital Market.
Failure to regain compliance may result in delisting notice; company may appeal to a Nasdaq Hearings Panel.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.96

African Agriculture Holdings Inc. 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

March 21, 2024, African Agriculture Holdings Inc. (the “Company”) received written notice from Nasdaq notifying it that, for the 32 consecutive business days prior to the date of the Letter, 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 notice has no immediate impact on the listing of the Company’s common stock and warrants, which will continue to be listed and trade on Nasdaq subject to the Company’s continued compliance with the other l

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Source: SEC EDGAR

accession 0001213900-24-026572

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