TG Venture Acquisition Corp.: Nasdaq/NYSE listing notice — TG Venture Acquisition Corp. receives Nasdaq delisting determination; intends to appeal

TG Venture Acquisition Corp.

Nasdaq delisted for failure to maintain $15M minimum market value of publicly held shares (MVPHS) by Dec 19 deadline.
Also failed to meet minimum 400 total holders requirement; delisting based on both grounds.
Company received delist determination letter on Dec 26, 2023.
Company intends to appeal to Nasdaq Hearings Panel; automatic stay pending hearing.
Securities continue trading under TGVCU, TGVC, TGVCW pending appeal outcome.

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 0.9

TG Venture Acquisition Corp. received a nasdaq delisting notice notice regarding market value.

Exchange: nasdaq
Notice: delisting notice
Deficiency: market value

Exact text from the filing

December 26, 2023, the Company received a delist determination letter from Nasdaq (the “ Letter ”) advising the Company that the Staff had determined that the Company did not meet the MVPHS by the December Compliance Date. The Letter further acknowledged that the Company did not comply with the Total Holders requirement, which serves as an additional and separate basis for delisting. The Company intends to timely appeal the Staff's delisting determination by submitting a hearing request to the Nasdaq Hearings Panel (the “ Panel ”), which request will automatically stay the delisting of the Com

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

TG Venture Acquisition Corp. received a nasdaq delisting notice notice regarding shareholders.

Exchange: nasdaq
Notice: delisting notice
Deficiency: shareholders

Exact text from the filing

December 26, 2023, the Company received a delist determination letter from Nasdaq (the “ Letter ”) advising the Company that the Staff had determined that the Company did not meet the MVPHS by the December Compliance Date. The Letter further acknowledged that the Company did not comply with the Total Holders requirement, which serves as an additional and separate basis for delisting. The Company intends to timely appeal the Staff's delisting determination by submitting a hearing request to the Nasdaq Hearings Panel (the “ Panel ”), which request will automatically stay the delisting of the Com

View on SEC.gov

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Source: SEC EDGAR

accession 0001731122-23-002291

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