African Agriculture Holdings Inc.: Nasdaq/NYSE listing notice — African Agriculture receives Nasdaq delisting notice due to MVPHS below $1M minimum

African Agriculture Holdings Inc.

Received Nasdaq notice on May 7, 2024 that MVPHS was below $1M minimum for 30 consecutive business days.
Company has 180 calendar days, until Nov 3, 2024, to regain compliance by closing MVPHS at/above $1M for 10 days.
No immediate impact on listing of AAGR common stock and AAGRW warrants; non-compliance indicator added on Nasdaq.com.
Company may evaluate options but cannot assure regaining compliance; could face delisting and appeal process.

Key facts

Extracted from this filing and checked against the source text.

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

African Agriculture Holdings Inc. received a nasdaq noncompliance notice notice regarding market value (rules 5550(a)(5)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: market value
Rules: 5550(a)(5)

Exact text from the filing

May 7, 2024, African Agriculture Holdings Inc. (the “Company”) received written notice from Nasdaq notifying it that, for the 30 consecutive business days prior to the date of the Letter, the Company’s Market Value of Publicly Held Shares (“MVPHS”) was below the minimum of $1 million required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(5). 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 lis

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Source: SEC EDGAR

accession 0001213900-24-042393

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