TG Venture Acquisition Corp.: Nasdaq/NYSE listing notice — TG Venture Acquisition receives Nasdaq MVPHS non-compliance notice; has until Dec 19, 2023 to regain compliance

TG Venture Acquisition Corp.

Received Nasdaq letter on June 22, 2023 for failure to maintain minimum market value of publicly held shares (MVPHS) of $15M.
Compliance period of 180 days, until December 19, 2023, to regain compliance.
To cure, MVPHS must be $15M or more for 10 consecutive business days.
Company may evaluate options including transfer to Nasdaq Capital Market.
No immediate effect on listing; compliance not assured.

Key facts

Extracted from this filing and checked against the source text.

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

TG Venture Acquisition Corp. received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(3)(C), 5810(c)(3)(D)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5450(b)(3)(C), 5810(c)(3)(D)

Exact text from the filing

June 22, 2023, TG Venture Acquisition Corp. (the “ Company ”) received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“ Nasdaq ”) indicating that, based upon the closing bid price of the Company’s Class A common stock for the last 30 consecutive business days and its number of publicly held shares, the Company no longer meets Nasdaq Listing Rule 5450(b)(3)(C), which requires listed companies to maintain a minimum market value of publicly held shares (“ MVPHS ”) of at least $15 million. Nasdaq Listing Rule 5810(c)(3)(D) provides a compliance period of 180 ca

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Source: SEC EDGAR

accession 0001731122-23-001208

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