---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-23-000967"
form_type: "8-K"
ticker: null
cik: "0001836478"
company_name: "Avalon Acquisition Inc."
filed_at: "2023-05-17T23:59:59+00:00"
generated_at: "2026-06-14T22:36:37.760639+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Avalon Acquisition receives Nasdaq deficiency notice for minimum total holders rule

## Summary
- 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.

## SEC filing metadata
- accession: 0001731122-23-000967
- form_type: 8-K
- cik: 0001836478
- company_name: Avalon Acquisition Inc.
- filed_at: 2023-05-17T23:59:59+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/1836478/000173112223000967/0001731122-23-000967-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1836478/000173112223000967/e4721_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-23-000967
- JSON: https://secwatch.observer/filing/0001731122-23-000967.json
- Plain text: https://secwatch.observer/filing/0001731122-23-000967.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1836478/000173112223000967/0001731122-23-000967-index.htm

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