VISION SENSING ACQUISITION CORP.: Nasdaq/NYSE listing notice — Vision Sensing receives Nasdaq MVLS deficiency notice; 180-day compliance period

VISION SENSING ACQUISITION CORP.

On June 29, 2023, Nasdaq notified Vision Sensing its MVLS was below $50 million, violating Listing Rule 5450(b)(2)(A).
Company also does not meet alternative continued listing requirement under Rule 5450(b)(3)(A) (total assets and revenue each at least $50M).
Company has 180 calendar days to regain compliance; if MVLS closes at $50M+ for 10 consecutive business days, Nasdaq will confirm compliance.
Company intends to take action to regain compliance within the compliance period; notice does not currently affect listing or trading.
Tickers affected: VSAC (common stock), VSACU (units), VSACW (warrants), all on Nasdaq Global Market.

Key facts

Extracted from this filing and checked against the source text.

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

VISION SENSING ACQUISITION CORP. received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(A), 5450(b)(3)(A)).

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

Exact text from the filing

June 29, 2023, Vision Sensing Acquisition Corp., a Delaware corporation (the “ Company ”), received a written notice (the “ MVLS Notice ”) from the Listing Qualifications Department of The Nasdaq Stock Market (“ Nasdaq ”) indicating that since the Market Value of Listed Securities (“ MVLS ”) of the Company was less than $50 million, the Company was no longer in compliance with the Nasdaq Global Market continued listing criteria set forth in Listing Rule 5450(b)(2)(A), which requires the Company to maintain a Market Value of Listed Securities of at least $50 million. Nasdaq noted that the Compa

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Source: SEC EDGAR

accession 0001493152-23-023834

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