Mountain Crest Acquisition Corp. V (MCAG): Nasdaq/NYSE listing notice — Mountain Crest Acquisition Corp. V receives Nasdaq delisting notice for failing $50M market value requirement

Mountain Crest Acquisition Corp. V

Received Nasdaq notice on April 3, 2023 for failing $50M MVLS requirement for 30 consecutive business days.
Granted 180-day period until Oct 2, 2023 to regain compliance by achieving $50M MVLS for ten consecutive days.
Company applied to transfer listing to Nasdaq Capital Market; transfer requires application and $5,000 fee.
No immediate effect on listing, but risk of delisting if compliance not regained or transfer denied.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Mountain Crest Acquisition Corp. V received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(A), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5450(b)(2)(A), 5810(c)(3)(A)

Exact text from the filing

ved a notice (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”), stating that the Company’s listed securities failed to comply with the $50,000,000 market value of listed securities (“MVLS”) requirement for continued listing on The Nasdaq Global Market in accordance with Nasdaq Listing Rule 5450(b)(2)(A) based upon the Company’s MVLS for the 30 consecutive business days prior to the date of the Notice. The Notice has no immediate effect on the listing of the Company’s securities on Nasdaq and in accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided a period o

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Mountain Crest Acquisition Corp. V filing history →

Source: SEC EDGAR

accession 0001829126-23-002611

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