Ault Disruptive Technologies Corp: Nasdaq/NYSE listing notice — Ault Disruptive Technologies receives NYSE American non-compliance notice for public float and holders

Ault Disruptive Technologies Corp

On July 19, 2023, NYSE Regulation notified the company that it has only 188,875 publicly held shares (needs 200,000) and 296 public stockholders (needs 300).
Company must submit a compliance plan by August 18, 2023; if accepted, must regain compliance by December 20, 2024.
Failure to comply could result in delisting of common stock (ADRT) and units (ADRTU) from NYSE American.
Company intends to submit a plan but cautions there is no assurance of regaining compliance.

Key facts

Extracted from this filing and checked against the source text.

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

Ault Disruptive Technologies Corp received a nyse_american deficiency notice notice regarding other (rules 1003(b)(i)(A), 1003(b)(i)(B)).

Exchange: nyse american
Notice: deficiency notice
Rules: 1003(b)(i)(A), 1003(b)(i)(B)

Exact text from the filing

Guide, which requires the Company to maintain a minimum of 300 public stockholders on a continuous basis (the “ Minimum Public Holders ”). According to the Staff, the Company has 188,875 shares publicly held by 296 public stockholders. According to the Letter and i n accordance with Section 1009 of the Company Guide , the Company has 30 calendar days from the date

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Source: SEC EDGAR

accession 0001214659-23-009895

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