NorthView Acquisition Corp. Faces Nasdaq Delisting Notice

TL;DR

NVAC got a delisting notice from Nasdaq, might get kicked off the exchange.

AI Summary

NorthView Acquisition Corp. (NVAC) announced on June 3, 2024, that it received a notice from the Nasdaq Stock Market indicating a failure to meet continued listing requirements. The company is currently evaluating the notice and plans to respond to the Nasdaq staff. This filing is a current report on Form 8-K.

Why It Matters

This notice suggests NorthView Acquisition Corp. may be delisted from the Nasdaq, impacting its stock liquidity and investor confidence.

Risk Assessment

Risk Level: high — Receiving a delisting notice from a major stock exchange like Nasdaq poses a significant risk to the company's continued trading and market presence.

Key Players & Entities

• NorthView Acquisition Corp. (company) — Registrant
• Nasdaq Stock Market (company) — Listing Exchange
• June 3, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.0001 — red Shares of common stock, par value $0.0001 per share NVAC The NASDAQ Stock Mar
• $11.50 — of common stock at an exercise price of $11.50 per whole share NVACW The NASDAQ St

Filing Documents

• ea0207517-8k_northview.htm (8-K) — 38KB
• ea020751701ex99-1_northview.htm (EX-99.1) — 5KB
• 0001213900-24-050834.txt ( ) — 271KB
• nvac-20240603.xsd (EX-101.SCH) — 4KB
• nvac-20240603_def.xml (EX-101.DEF) — 27KB
• nvac-20240603_lab.xml (EX-101.LAB) — 37KB
• nvac-20240603_pre.xml (EX-101.PRE) — 25KB
• ea0207517-8k_northview_htm.xml (XML) — 7KB

01. Notice of Delisting or Failure to Satisfy a Continued

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On June 3, 2024, NorthView Acquisition Corp. (the "Company") received a delinquency notification letter (the "Notice") from the Listing Qualifications Staff (the "Staff") of the Nasdaq Stock Market LLC ("Nasdaq") due to the Company's non-compliance with Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule") as a result of the Company's failure to timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2024. The Listing Rule requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the "SEC"). This Notice has no immediate effect on the listing of the Company's securities on Nasdaq. However, if the Company fails to timely regain compliance with the Rule, the Company's securities will be subject to delisting from Nasdaq. The Notice provides that the Company has 60 calendar days, or until August 2, 2024, to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rule. If Nasdaq accepts the Company's plan, then Nasdaq may grant the Company up to 180 days, or until November 18, 2024, to regain compliance. If Nasdaq does not accept the Company's plan, then the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel. The Company is working diligently to complete its Form 10-Q and expects to file its Form 10-Q within the 60-day period described above, which would eliminate the need for the Company to submit a formal plan to regain compliance. As required under Nasdaq Listing Rule 5810(b), the Company issued a press release on June 7, 2024, announcing that it had received the Notice. A copy of this press release is attached as Exhibit 99.1 to this Form 8-K.

Forward-Looking Statements

Forward-Looking Statements This Form 8-K contains forward-looking statements, including statements about the financial condition, results of operations, earnings outlook and prospects of the Company. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements are typically identified by words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "should," "would" and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements are based on the current expectations of the Company's management and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of such statement. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These factors include, without limitation, our ability to respond in a timely and satisfactory matter to the inquiries by Nasdaq, our ability to regain compliance with the Listing Rule and our ability to become current with our reports with the SEC. For additional information about factors that could cause actual results to differ materially from those described in the forward-looking are inherently uncertain. Except to the extent required by applicable law, we do not undertake any obligation to update o

01. Financial

Item 9.01. Financial (c) Exhibits: Exhibit No. Description 99.1 Press Release dated June 7, 2024 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) 1 SIGNATURE Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NORTHVIEW ACQUISITION CORP. Dated: June 7, 2024 By: /s/ Fred Knechtel Name: Fred Knechtel Title: Chief Financial Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR