Technology & Telecommunication Acquisition Corp (TETEF): Nasdaq/NYSE listing notice — TETE receives Nasdaq MVLS deficiency notice; 180 days to regain compliance

Technology & Telecommunication Acquisition Corp

Nasdaq notified TETE on April 11, 2023 that MVLS was below $50M for 30 consecutive business days.
Company has until October 9, 2023 to regain compliance under Nasdaq Listing Rule 5450(b)(2)(A).
To comply, MVLS must be at or above $50M for at least ten consecutive business days.
If not regained, securities may be delisted; appeal to a Hearings Panel is possible.
Company will monitor MVLS and consider options but gives 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 0.99

Technology & Telecommunication Acquisition Corp received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(A), 5810(c)(3)(C)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5450(b)(2)(A), 5810(c)(3)(C)

Exact text from the filing

April 11, 2023, Technology & Telecommunication Acquisition Corporation (the “ Company ”) received a letter (the “ MVLS Notice ”) from the Listing Qualifications Department (the “ Staff ”) of The Nasdaq Stock Market LLC (“ Nasdaq ”) notifying the Company that for the last 30 consecutive business days prior to the date of the MVLS Notice, the Company’s Minimum Market Value of Listed Securities (“ MVLS ”) was less than $50.0 million, which does not meet the requirement for continued listing on The Nasdaq Global Market, as required by Nasdaq Listing Rule 5450(b)(2)(A) (the “ MVLS Rule ”). In accor

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3 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

Technology & Telecommunication Acquisition Corp filing history →

Source: SEC EDGAR

accession 0001493152-23-012032

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