Blue World Acquisition Corp: Nasdaq/NYSE listing notice — Blue World Acquisition receives Nasdaq deficiency notice for minimum shareholder rule

Blue World Acquisition Corp

Letter received May 15, 2024; company not in compliance with Nasdaq Minimum Total Holders Rule (at least 400 shareholders).
Company has 45 calendar days (until June 29, 2024) to submit a plan to regain compliance.
If Nasdaq accepts plan, extension up to 180 calendar days may be granted; otherwise, appeal to Hearings Panel.
Deficiency notice has no immediate effect on listing or trading of BWAQ securities on Nasdaq Global Market.

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

Blue World Acquisition Corp received a nasdaq deficiency notice notice regarding shareholders (rules 5450(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: shareholders
Rules: 5450(a)(2)

Exact text from the filing

May 15, 2024, Blue World Acquisition Corporation (the “ Company ”) received a letter (the “ Letter ”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“ Nasdaq ”) notifying the Company that the Company was not in compliance with Listing Rule 5450(a)(2), which requires the Company to have at least 400 shareholders for continued listing on the Nasdaq Global Market (the “ Minimum Total Holders Rule ”). The Letter is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company’s securities on the Nasdaq G

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Source: SEC EDGAR

accession 0001213900-24-044723

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