Kairous Acquisition Corp. Ltd (KACLF): Nasdaq/NYSE listing notice — Kairous receives Nasdaq deficiency notice for minimum public holders; also faces MVLS issue

Kairous Acquisition Corp. Ltd

Nasdaq notice on Sept 12, 2023: Kairous has fewer than 400 public holders required by Nasdaq Global Market.
Company has 45 days to submit a plan to regain compliance or may appeal or transfer to Nasdaq Capital Market.
Previously disclosed April 2023 notice for failing $50M market value of listed securities; deadline Oct 2, 2023.
Management decided to apply for transfer to Nasdaq Capital Market, which requires only 300 public holders.
No assurance transfer will be approved; risk of delisting remains if compliance not achieved.

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

Kairous Acquisition Corp. Ltd received a nasdaq deficiency notice notice regarding other (rules 5450(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Rules: 5450(a)(2)

Exact text from the filing

September 12, 2023, Kairous Acquisition Corp. Limited (the “Company”) received a written notice (the “September Notice”) from the Nasdaq Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company was not in compliance with Listing Rule 5450(a)(2), which requires the Company to have at least 400 public holders for continued listing on the Nasdaq Global Market (the “Minimum Public Holders Rule”). The September 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 securi

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20 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

Kairous Acquisition Corp. Ltd filing history →

Source: SEC EDGAR

accession 0001493152-23-032621

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