---
schema_version: "secwatch.filing_event.v1"
accession: "0001753926-23-001380"
form_type: "8-K"
ticker: null
cik: "0001849902"
company_name: "SEP Acquisition Corp."
filed_at: "2023-10-24T23:59:59+00:00"
generated_at: "2026-06-09T14:35:03.974165+00:00"
event_type: "regulatory"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# SEP Acquisition Corp. regains compliance with Nasdaq MVLS rule, avoids delisting

## Summary
- 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.

## SEC filing metadata
- accession: 0001753926-23-001380
- form_type: 8-K
- cik: 0001849902
- company_name: SEP Acquisition Corp.
- filed_at: 2023-10-24T23:59:59+00:00
- event_type: regulatory
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1849902/000175392623001380/0001753926-23-001380-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1849902/000175392623001380/g083816_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001753926-23-001380
- JSON: https://secwatch.observer/filing/0001753926-23-001380.json
- Plain text: https://secwatch.observer/filing/0001753926-23-001380.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: (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,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1849902/000175392623001380/0001753926-23-001380-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.