SBC Medical Group Holdings Inc (SBC): Nasdaq/NYSE listing notice — Pono Capital Two receives Nasdaq non-compliance notice for public shares rule

SBC Medical Group Holdings Inc

Notice dated April 2, 2024 for failure to maintain at least 1,100,000 publicly held shares (Nasdaq Listing Rule 5450(b)(2)(B)).
Deadline to submit a plan to regain compliance is May 17, 2024; no immediate effect on trading.
If Nasdaq accepts the plan, it may grant up to 180 calendar days from the notice to cure the deficiency.
If the plan is rejected, the company may appeal to a Nasdaq Hearings Panel.

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

SBC Medical Group Holdings Inc received a nasdaq deficiency notice notice regarding other (rules 5450(b)(2)(B)).

Exchange: nasdaq
Notice: deficiency notice
Rules: 5450(b)(2)(B)

Exact text from the filing

April 2, 2024, Pono Capital Two, Inc., a Delaware corporation (the “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 5450(b)(2)(B), which requires the Company to have at least 1,100,000 publicly held shares for continued listing on the Nasdaq Global Market (the “Minimum Public Shares 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 secu

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SBC Medical Group Holdings Inc filing history →

Source: SEC EDGAR

accession 0001493152-24-013078

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