Pearl Holdings Acquisition Corp: Nasdaq/NYSE listing notice — Pearl Holdings receives Nasdaq deficiency notice for warrant market value below $1M

Pearl Holdings Acquisition Corp

Nasdaq notified Pearl Holdings on June 14, 2023, that its warrants fail to maintain $1M aggregate market value, violating Listing Rule 5452(b)(C).
Company must submit a compliance plan by July 29, 2023; non-acceptance may lead to delisting or appeal to Nasdaq Hearings Panel.
The notice is a deficiency notification, not an imminent delisting; company intends to submit a plan to regain compliance.

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 0.95

Pearl Holdings Acquisition Corp received a nasdaq deficiency notice notice regarding market value (rules 5452(b)(C)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5452(b)(C)

Exact text from the filing

June 14, 2023, Pearl Holdings Acquisition Corp (the “ Company ”) received a written notice (the “ Notice ”) from the Listing Qualifications Department (the “ Staff ”) of The Nasdaq Stock Market LLC (“ Nasdaq ”), with respect to its warrants, indicating that the Company is not in compliance with Listing Rule 5452(b)(C), due to the Company’s failure to maintain the minimum of $1,000,000 in aggregate market value of its outstanding warrants. The Notice is only a notification of deficiency, not of imminent delisting. The Notice states that the Company has until July 29, 2023 to submit a plan to ac

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Source: SEC EDGAR

accession 0001829126-23-004331

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