TG Venture Acquisition Corp.: Nasdaq/NYSE listing notice — TGVC receives Nasdaq deficiency notice for insufficient total holders; 45 days to submit compliance plan

TG Venture Acquisition Corp.

Nasdaq notified TGVC on Oct 9, 2023 of failure to meet minimum 400 total holders (Listing Rule 5450(a)(2)).
Company must submit a compliance plan by Nov 24, 2023; Nasdaq may grant up to 180-day extension if plan accepted.
Notice has no immediate effect on listing; TGVC may consider transfer to Nasdaq Capital Market.
TGVC intends to actively monitor total holders and submit a compliance plan by the deadline.

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 shareholders (rules 5450(a)(2), 5810(c)(2)(C), 5810(c)(2)(B)(i)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: shareholders
Rules: 5450(a)(2), 5810(c)(2)(C), 5810(c)(2)(B)(i)

Exact text from the filing

October 9, 2023, TG Venture Acquisition Corp. (“TGVC”) received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that, based on the number of beneficial holders and holders of record of TGVC’s Class A common stock (the “Total Holders”), TGVC no longer meets Listing Rule 5450(a)(2), which requires listed companies to maintain a minimum of 400 Total Holders. Nasdaq Listing Rule 5810(c)(2)(C) provides TGVC with a period of 45 calendar days, or until November 24, 2023 (the “Compliance Date”), to submit a plan to regain comp

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Source: SEC EDGAR

accession 0001731122-23-001856

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