NorthView Acquisition Corp. Faces Nasdaq Delisting Notice

TL;DR

NVAC got a delisting notice from Nasdaq. Big trouble for the stock.

AI Summary

NorthView Acquisition Corp. (NVAC) announced on September 12, 2024, that it received a notice from the Nasdaq Stock Market indicating a failure to meet continued listing requirements. The company is currently listed under the ticker NVAC and is incorporated in Delaware.

Why It Matters

This filing indicates potential delisting from the Nasdaq, which could significantly impact the liquidity and trading of NorthView Acquisition Corp.'s shares.

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 investor confidence.

Key Players & Entities

• NorthView Acquisition Corp. (company) — Registrant
• Nasdaq Stock Market (company) — Exchange issuing delisting notice
• September 12, 2024 (date) — Date of earliest event reported
• NVAC (company) — Ticker symbol

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

• ea0214520-8k_northview.htm (8-K) — 36KB
• ea021452001ex99-1_northview.htm (EX-99.1) — 5KB
• 0001213900-24-078589.txt ( ) — 268KB
• nvac-20240912.xsd (EX-101.SCH) — 4KB
• nvac-20240912_def.xml (EX-101.DEF) — 27KB
• nvac-20240912_lab.xml (EX-101.LAB) — 37KB
• nvac-20240912_pre.xml (EX-101.PRE) — 25KB
• ea0214520-8k_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. As previously disclosed, on June 3, 2024, NorthView Acquisition Corp. (the "Company") received a delinquency notification letter 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. On September 12, 2024, the Company received a letter from the Staff notifying the Company that the Staff has determined to grant the Company an exception to enable it to regain compliance with the Listing Rule. Pursuant to the terms of the exception, the Company must file the following on or prior to October 14, 2024: The Company's Quarterly Report on Form 10-Q for the period ended March 31, 2024; and The Company's Quarterly Report on Form 10-Q for the period ended June 30, 2024. If the Company does not satisfy the terms of the exception, the Staff will provide written notification that the Company's securities will be delisted. At such time, the Company could appeal the Staff's determination to a Hearings Panel. The Company is working diligently to complete the Quarterly Reports noted above and expects to file the reports on or prior to the October 14, 2024 deadline. As required under Nasdaq Listing Rule 5810(b), the Company issued a press release on September 13, 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 September 13, 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: September 13, 2024 By: /s/ Fred Knechtel Name: Fred Knechtel Title: Chief Financial Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR