HWH International Inc. (HWH): Nasdaq/NYSE listing notice — Alset Capital gets Nasdaq delisting notice; only 41,287 publicly held shares vs. 1.1M minimum

HWH International Inc.

Received Nasdaq letter on Aug 9, 2023 for failing to meet minimum publicly held shares of 1,100,000 under Nasdaq Rule 5450(b)(1)(B).
After redemptions, Company will have only 41,287 publicly held Class A common shares.
Must submit compliance plan by August 31, 2023; if accepted, may get up to 180-day extension.
If plan not accepted, Company can appeal Nasdaq's determination.

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)(1)(B)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5450(b)(1)(B)

Exact text from the filing

August 9, 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, under the Nasdaq Listing Rules (the “Nasdaq Rules”), specifically, Nasdaq Rule 5450(b)(1)(B), “Companies listed on The Nasdaq Global Market are required to maintain a minimum of 1,100,000 publicly held shares for continued listing.” The Company has previously disclosed that based on the number of Class A common shares to be redeemed (unless such redemptions are cancelled) that it would have 41,287 publicly he

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HWH International Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-028859

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