Ault Disruptive Technologies Corp: Nasdaq/NYSE listing notice — NYSE American accepts Ault Disruptive Technologies' compliance plan to avoid delisting by Dec 2024

Ault Disruptive Technologies Corp

On July 21, 2023, NYSE American notified ADRT it was non-compliant with minimum public shares (200k) and 300 public stockholders.
Company submitted a compliance plan on Aug 18, 2023; NYSE American accepted the plan on Sep 27, 2023.
Plan period runs through Dec 20, 2024; failure to progress or meet deadline may trigger delisting.
ADRT is a SPAC with no business combination yet; continued listing is critical for its operations.

item 7.01 item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

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

Ault Disruptive Technologies Corp received a nyse_american extension granted notice regarding shareholders.

Exchange: nyse american
Notice: extension granted
Deficiency: shareholders

Exact text from the filing

September 27, 2023, the Company received notice from the NYSE American that it had accepted the Plan and granted a plan period until December 20, 2024, in order to regain compliance. The Company’s progress toward regaining compliance is subject to periodic review by the NYSE American, including quarterly monitoring for compliance with the initiatives outlined in the Plan. On October 3, 2023, the Company issued a press release to announce the acceptance of the Company’s Plan by the NYSE American. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated by reference

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

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

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

Exact text from the filing

July 21, 2023 Ault Disruptive Technologies Corporation (the “ Company ”) received a deficiency letter from the NYSE American LLC (the “ NYSE American ”) indicating that the Company is not in compliance with (i) Section 1003(b)(i)(A) of the NYSE American Company Guide (the “ Company Guide ”), which requires the Company to maintain a minimum of 200,000 shares publicly held and (ii) Section 1003(b)(i)(B) of the Company Guide, which requires the Company to maintain a minimum of 300 public stockholders on a continuous basis. On August 18, 2023, the Company submitted a plan of compliance (the “ Plan

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Source: SEC EDGAR

accession 0001214659-23-013083

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