FutureTech II Acquisition Corp.: Nasdaq/NYSE listing notice — FutureTech II receives Nasdaq delisting notice for MVLS below $50M; 180-day cure period

FutureTech II Acquisition Corp.

Nasdaq notice on 4/23/2024 for MVLS below $50M for 30 consecutive business days.
Company also fails to meet alternative Total Assets/Total Revenue Standard under Rule 5450(b)(3)(A).
Has until October 21, 2024 to regain compliance by closing at $50M+ for 10 consecutive days.
May consider transferring listing to Nasdaq Capital Market; no assurance of regaining compliance.
Securities continue trading on Nasdaq Global Market during the cure period.

Key facts

Extracted from this filing and checked against the source text.

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

FutureTech II Acquisition Corp. received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(A), 5450(b)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5450(b)(2)(A), 5450(b)(3)(A)

Exact text from the filing

April 23, 2024, FutureTech II Acquisition Corp. (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the Company’s Market Value of Listed Securities (“MVLS”) was below the minimum of $50 million required for continued listing on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(b)(2)(A) (the “Market Value Standard”). The Staff also noted that the Company does not meet the requirements under Nasdaq Listing Rule

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Source: SEC EDGAR

accession 0001493152-24-015797

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