secwatch.observer — SEC 8-K summary
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Issuer:     SEP Acquisition Corp. (—)
CIK:        0001849902
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0001753926-23-001380
Event type: regulatory
Sentiment:  positive
Materiality: 0.60
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849902/000175392623001380/0001753926-23-001380-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849902/000175392623001380/g083816_8k.htm
  HTML page:      https://secwatch.observer/filing/0001753926-23-001380

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