---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-23-007376"
form_type: "8-K"
ticker: null
cik: "0001886268"
company_name: "SHUAA Partners Acquisition Corp I"
filed_at: "2023-05-22T23:59:59+00:00"
generated_at: "2026-06-14T18:35:49.238491+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# SHUAA Partners receives Nasdaq deficiency notice for insufficient shareholders; transfer to Capital Market approved

## Summary
- Received Nasdaq notice on May 17, 2023 for failing to meet minimum 400 total shareholders under Listing Rule 5450(a)(2).
- Company has 45 days, until July 3, 2023, to submit a plan to regain compliance; no assurance Nasdaq will accept.
- Transfer from Nasdaq Global Market to Nasdaq Capital Market approved, effective May 24, 2023; tickers unchanged (SHUA, SHUAU, SHUAW).
- If compliance not regained, securities may be delisted; Company may appeal any rejection to a hearings panel.

## SEC filing metadata
- accession: 0001564590-23-007376
- form_type: 8-K
- cik: 0001886268
- company_name: SHUAA Partners Acquisition Corp I
- filed_at: 2023-05-22T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1886268/000156459023007376/0001564590-23-007376-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1886268/000156459023007376/shuaa-8k_20230517.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-23-007376
- JSON: https://secwatch.observer/filing/0001564590-23-007376.json
- Plain text: https://secwatch.observer/filing/0001564590-23-007376.txt

## Key facts
- Listing & Compliance Notices
  SHUAA Partners Acquisition Corp I received a nasdaq deficiency notice notice regarding other (rules 5450(a)(2)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Rules: 5450(a)(2)
  source text: May 17, 2023, SHUAA Partners Acquisition Corp I (the “Company”) received a notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, because it does not have 400 or more shareholders, the Company is not in compliance with the total shareholder requirement for continued listing set forth in Nasdaq Listing Rule 5450(a)(2) (the “Rule”). Under the Nasdaq Listing Rules, the Company has 45 calendar days from receipt of the Notice, or until July 3, 2023, to submit a plan to regain compliance with the Rule. However, there can be no assurance that Nasdaq will accept
  evidence_url: https://www.sec.gov/Archives/edgar/data/1886268/000156459023007376/0001564590-23-007376-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.