FAT PROJECTS ACQUISITION CORP: Nasdaq/NYSE listing notice — Fat Projects Acquisition Corp receives two Nasdaq continued listing deficiency notices

FAT PROJECTS ACQUISITION CORP

On May 26, 2023, Nasdaq notified MVPHS below $15M for 30 consecutive days, violating Rule 5450(b)(2)(C).
Second notice: MVLS below $50M, violating Rule 5450(b)(2)(A) for continued listing.
Company has 180 calendar days to regain compliance for both; no immediate delisting effect.
Company intends to take action to regain compliance within the cure period.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

FAT PROJECTS ACQUISITION CORP received a nasdaq noncompliance notice notice regarding market value (rules 5450(b)(2)(C), 5450(b)(2)(A)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: market value
Rules: 5450(b)(2)(C), 5450(b)(2)(A)

Exact text from the filing

May 26, 2023, Fat Projects Acquisition Corp, a Cayman Islands exempt company limited by shares, with company registration number 374480 (the “ Company ”), received a written notice from the Listing Qualifications Department of The Nasdaq Stock Market (“ Nasdaq ”) indicating that since the Market Value of Publicly Held Shares of the Company was less than $15 million for the last 30 consecutive business days, the Company was no longer in compliance with the Nasdaq Global Market continued listing criteria set forth in Listing Rule 5450(b)(2)(C) which requires the Company to maintain a Market Valu

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Source: SEC EDGAR

accession 0001829126-23-003883

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