Kairous Acquisition Corp. Ltd (KACLF): Nasdaq/NYSE listing notice — Kairous Acquisition Corp. receives Nasdaq delisting notice for MVLS non-compliance

Kairous Acquisition Corp. Ltd

Received Nasdaq notice on April 3, 2023 for failing to maintain $50M minimum market value of listed securities.
Has 180 days (until October 2, 2023) to regain compliance by closing at $50M+ for 10 consecutive business days.
May consider transferring to Nasdaq Capital Market, which requires $35M MVLS and a $5,000 application fee.
Management is reviewing options but cannot assure regaining compliance or continued listing 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 0.95

Kairous Acquisition Corp. Ltd 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

April 3, 2023, Kairous Acquisition Corp. Limited (the “Company”) received a written notification from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”). The notification indicated that the Company did not meet the $50,000,000 minimum market value of listed securities (“MVLS”) required to maintain continued listing as set forth in Nasdaq Marketplace Rule 5450(b)(2)(A) for the 30-business day period ended March 31, 2023. Under applicable Nasdaq rules, the Company will have 180 calendar days from the date of the notification, or until October 2, 2023, to regain compl

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Kairous Acquisition Corp. Ltd filing history →

Source: SEC EDGAR

accession 0001493152-23-010902

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