Social Leverage Acquisition I (SLAC) has released an update to notify the public and investors about listing compliance status.
Social Leverage Acquisition Corp I was notified by Nasdaq of non-compliance with the Market Value of Listed Securities standard due to its securities falling below the $50 million threshold. The company was initially given 180 days to regain compliance. After voluntarily converting shares of Class B into Class A common stock, the company was notified of its regained compliance with the MVLS Rule and its securities will continue to be listed and traded on Nasdaq Global, leading to the cancellation of a scheduled appeal hearing.
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