Avalon Acquisition Inc.: Nasdaq/NYSE listing notice — Avalon Acquisition receives Nasdaq deficiency notice for minimum total holders rule

Avalon Acquisition Inc.

Notified May 11, 2023 of non-compliance with Nasdaq Listing Rule 5450(a)(2) requiring at least 400 total holders.
Company has 45 calendar days, until June 26, 2023, to submit a plan to regain compliance.
If plan accepted, Nasdaq may grant up to 180-day extension, until Nov 7, 2023, to evidence compliance.
Notice is not an imminent delisting; securities continue trading on Nasdaq Global Market.
Company intends to submit a compliance plan within the required timeframe.

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 0.98

Avalon Acquisition Inc. received a nasdaq deficiency notice notice regarding shareholders (rules 5450(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: shareholders
Rules: 5450(a)(2)

Exact text from the filing

May 11, 2023, Avalon Acquisition Inc. (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with Nasdaq Listing Rule 5450(a)(2) (the “Minimum Total Holders Rule”), which requires the Company to have at least 400 total holders for continued listing on the Nasdaq Global Market. 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 securities on the Nasdaq Global Market. T

View on SEC.gov

Browse all listing & compliance notices →

Source: SEC EDGAR

accession 0001731122-23-000967

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.