HWH International Inc. (HWH): Nasdaq/NYSE listing notice — Alset Capital receives Nasdaq deficiency notice for MVLS below $50M; 180-day cure period

HWH International Inc.

Received Nasdaq letter on June 16, 2023; MVLS of Class A common stock below $50M for 30 consecutive business days.
Compliance deadline is December 13, 2023; must meet $50M MVLS for 10 consecutive business days.
Company may transfer listing to Nasdaq Capital Market if it satisfies continued listing requirements.
Deficiency notice is not an imminent delisting; trading continues unaffected.

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

HWH International Inc. 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

June 16, 2023, Alset Capital Acquisition Corp. (the “ Company ”) received a letter (the “ Letter ”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“ Nasdaq ”) that, for the previous 30 consecutive business days, the Market Value of Listed Securities (“ MVLS ”) for the Class A Common Stock of the Company, par value $0.0001 per share (“ Class A Common Stock ”), was below the $50 million minimum MVLS requirement for continued listing on the Nasdaq Global Market under Nasdaq Listing Rule 5450(b)(2)(A) (the “ MVLS Rule ”). The Letter is only a notification of deficiency

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HWH International Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-021860

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