secwatch.observer — SEC 8-K summary
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Issuer:     OceanTech Acquisitions I Corp. (—)
CIK:        0001846809
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001753926-23-000957
Event type: regulatory
Sentiment:  negative
Materiality: 0.73
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OceanTech receives Nasdaq delisting notice for low MVLS; appeals filed
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- Nasdaq notified OceanTech on July 25, 2023 it failed to regain $35M minimum MVLS by July 24 deadline.
- Trading of OTEC common stock to be suspended at open on August 3, 2023 unless hearing grants stay.
- Company requested a hearing on July 27, 2023 and paid the $20,000 fee to stay delisting pending Panel decision.
- OceanTech is pursuing a $96M stock-based business combination with Regentis under an amended merger agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846809/000175392623000957/0001753926-23-000957-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846809/000175392623000957/g083654_8k.htm
  HTML page:      https://secwatch.observer/filing/0001753926-23-000957

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