Valuence Merger Corp. I (VMCAF): Nasdaq/NYSE listing notice — Valuence Merger Corp. I receives Nasdaq non-compliance notice for warrants

Valuence Merger Corp. I

Nasdaq notified VMCA that aggregate market value of warrants fell below $1M, violating Listing Rule 5452(b)(C).
Company must submit a compliance plan by July 31, 2023; if accepted, compliance period ends Dec 11, 2023.
Notice affects only warrants (VMCAW); Class A shares (VMCA) and units (VMCAU) listing unaffected.
No immediate delisting; company may appeal any plan rejection to Nasdaq hearings panel.

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 0.99

Valuence Merger Corp. I received a nasdaq deficiency notice notice regarding market value (rules 5452(b)(C)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5452(b)(C)

Exact text from the filing

June 14, 2023, Valuence Merger Corp. I (the “Company”), received a written notice from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that since the Company’s aggregate market value of its outstanding warrants was less than $1 million, the Company was no longer in compliance with the Nasdaq Global Market continued listing criteria set forth in Listing Rule 5452(b)(C), which requires the Company to maintain an aggregate market value of its outstanding warrants of at least $1 million (the “Notice”). The Notice additionally indicates that the Company, pursu

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Source: SEC EDGAR

accession 0001493152-23-022024

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