Nova Vision Acquisition Corp: Nasdaq/NYSE listing notice — Nova Vision gets Nasdaq deficiency notice for minimum public holders rule

Nova Vision Acquisition Corp

Received Nasdaq notice on Aug 18, 2023 for non-compliance with Listing Rule 5550(a)(3) requiring at least 300 public holders.
Company has 45 calendar days to submit a plan to regain compliance with the Minimum Public Holders Rule.
If Nasdaq accepts the plan, it may grant an extension of up to 180 calendar days; otherwise, company can appeal to a Hearings Panel.
Notice has no immediate effect on listing or trading; securities continue trading on Nasdaq Capital Market.

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 0.9

Nova Vision Acquisition Corp received a nasdaq deficiency notice notice regarding other (rules 5550(a)(3)).

Exchange: nasdaq
Notice: deficiency notice
Rules: 5550(a)(3)

Exact text from the filing

August 18, 2023, Nova Vision Acquisition Corp. (“Company”) received a written notice (the “Notice”) from the Nasdaq Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company was not in compliance with Listing Rule 5550(a)(3) (the “Minimum Public Holders Rule”), which requires the Company to have at least 300 public holders for continued listing on the Nasdaq Capital Market (the “Minimum Public Holders Rule”). The Notice is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company’s

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Source: SEC EDGAR

accession 0001493152-23-030091

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