SEP Acquisition Corp.: Nasdaq/NYSE listing notice — SEP Acquisition Corp. regains compliance with Nasdaq MVLS rule, avoids delisting

SEP Acquisition Corp.

Received Nasdaq letter on Oct 23, 2023 confirming compliance with $35M minimum Market Value of Listed Securities requirement.
Hearing to appeal prior delisting determination cancelled; Class A common stock to continue listing on Nasdaq Capital Market under SEPA.
Mercury Sponsor Group converted 2,415,375 Class B shares into Class A to achieve compliance.
As of Oct 23, 2023, outstanding shares: 3,719,634 Class A common and 2,095,000 Class B common.

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

SEP Acquisition Corp. received a nasdaq compliance regained notice regarding market value (rules 5550(b)(2)).

Exchange: nasdaq
Notice: compliance regained
Deficiency: market value
Rules: 5550(b)(2)

Exact text from the filing

(the “Company”) received a letter from the staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it has regained compliance with Nasdaq’s $35 million minimum Market Value of Listed Securities (“MVLS”) requirement , and the Company is therefore in compliance with The Nasdaq Capital Market’s listing requirements. As a result,

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Source: SEC EDGAR

accession 0001753926-23-001380

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