Yotta Acquisition Corp: Nasdaq/NYSE listing notice — Yotta Acquisition Corp receives Nasdaq notice for non-compliance with $50M minimum market value of listed securities

Yotta Acquisition Corp

Received Nasdaq notice on Jan 10, 2024 for failing MVLS minimum of $50M.
Has until July 8, 2024 to regain compliance by achieving MVLS ≥ $50M for 10 consecutive days.
May also apply to transfer to Nasdaq Capital Market; delisting possible if non-compliance continues.
Company will monitor and consider options; no assurance of regaining 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

Yotta Acquisition Corp received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5450(b)(2)

Exact text from the filing

January 10, 2024, Yotta Acquisition Corporation (the “Company”) received written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company is not in compliance with Nasdaq Listing Rule 5450(b)(2) (the “Rule”) because the Company has not maintained a minimum Market Value of Listed Securities (“MVLS”) of at least $50 million. The Notice has no immediate effect on the listing or trading of the Company’s listed securities (the “Listed Securities”). The Company has 180 calendar days from the date of the Notice, or until July

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Source: SEC EDGAR

accession 0001829126-24-000241

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