Royalty Management Holding Corp (RMCO): Nasdaq/NYSE listing notice — American Acquisition Opportunity receives Nasdaq MVLS deficiency notice; has 180 days to comply

Royalty Management Holding Corp

MVLS below $35M for 30 consecutive business days; Nasdaq gave 180-day compliance period until Oct 2, 2023.
If compliance not regained by Oct 2, 2023, securities may be delisted; Company may appeal to a Hearings Panel.
Notice has no immediate effect on listing; Company believes it will regain compliance but no assurance.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Royalty Management Holding Corp received a nasdaq noncompliance notice notice regarding market value (rules 5550(b)(2), 5810(c)(3)(C)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: market value
Rules: 5550(b)(2), 5810(c)(3)(C)

Exact text from the filing

April 4, 2023, American Acquisition Opportunity Inc. (the “Company”) received a letter (the “MVLS 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 prior to the date of the MVLS Notice, the Company’s Minimum Market Value of Listed Securities (“MVLS”) was less than $35 million, which does not meet the requirement for continued listing on The Nasdaq Capital Market, as required by Nasdaq Listing Rule 5550(b)(2) (the “MVLS Rule”). In accordance with Nasdaq Listing Rule 581

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Royalty Management Holding Corp filing history →

Source: SEC EDGAR

accession 0001654954-23-004604

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