VISION SENSING ACQUISITION CORP.: Nasdaq/NYSE listing notice — Vision Sensing receives Nasdaq delisting notice; appeals and requests stay

VISION SENSING ACQUISITION CORP.

Nasdaq notified VSAC on Jan 17, 2024 of delisting for failing to regain $50M market value by Dec 26, 2023.
Company also missed filing Form 10-Q for Sept 30, 2023, violating Listing Rule 5250(c)(1).
Additional basis: non-compliance with minimum 400 total holders requirement (Oct 9, 2023 notice).
Trading suspension scheduled for Jan 26, 2024 unless appeal filed; company appealed Jan 23, 2024.
Appeal includes hearing request and stay; also submitted mini-compliance plan.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

VISION SENSING ACQUISITION CORP. received a nasdaq delisting notice notice regarding market value (rules 5450(b)(2)(A), 5250(c)(1), 5450(a)(2)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: market value
Rules: 5450(b)(2)(A), 5250(c)(1), 5450(a)(2)

Exact text from the filing

January 17, 2024, Vision Sensing Acquisition Corp. (the “Company”) received a staff determination letter (the “Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company of the determination from the Nasdaq Staff (the “Staff”) to delist the Company’s securities from The Nasdaq Stock Market, because, as of December 26, 2023, the Company had not regained compliance with the market value requirement as set forth Listing Rule 5450(b)(2)(A) that requires the market value of the Company’s listed securities to be $50,000,000 or more. The Letter

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Source: SEC EDGAR

accession 0001493152-24-003484

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