SEP Acquisition Corp.: Nasdaq/NYSE listing notice — SEP Acquisition Corp. receives Nasdaq deficiency notice for MVLS below $35M

SEP Acquisition Corp.

Nasdaq notified MVLS was below $35M minimum for 30 consecutive business days.
Company has 180 calendar days, until September 25, 2023, to regain compliance.
To comply, MVLS must be at least $35M for 10 consecutive business days.
Notice has no immediate effect on listing or trading of securities.
Company evaluating options to regain compliance; no assurance of success.

Key facts

Extracted from this filing and checked against the source text.

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

SEP Acquisition Corp. received a nasdaq deficiency notice notice regarding market value (rules 5550(b)(2), 5810(c)(3)(C)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5550(b)(2), 5810(c)(3)(C)

Exact text from the filing

March 28, 2023, SEP Acquisition Corp. (the “Company”) received a written notice (the “Notice”) from the listing qualifications department staff of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that for the last 30 consecutive business days, the Company’s minimum Market Value of Listed Securities (“MVLS”) was below the minimum of $35 million required for continued listing on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(b)(2) (the “Market Value Standard”). The Notice is only a notification of deficiency, not of imminent delisting, and has no current effect on the lis

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Source: SEC EDGAR

accession 0001753926-23-000360

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