secwatch.observer — SEC 8-K summary
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Issuer:     Avalon Acquisition Inc. (—)
CIK:        0001836478
Form:       8-K
Filed at:   2023-05-17T23:59:59+00:00
Accession:  0001731122-23-000967
Event type: regulatory
Sentiment:  negative
Materiality: 0.60
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Avalon Acquisition receives Nasdaq deficiency notice for minimum total holders rule
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1836478/000173112223000967/0001731122-23-000967-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1836478/000173112223000967/e4721_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001731122-23-000967

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