Genesis Growth Tech Acquisition announced that on July 14, 2023, it received a notice from the Listing Qualifications Department of The Nasdaq Stock Market. The Notice advised the company that for the 30 consecutive trading days ending June 23, the company’s average market value of listed securities has been below $50M and the average market value of publicly held securities for its Class A ordinary shares has been below $40M, and as a result, the company was not in compliance with Nasdaq Listing Rule 5452 and that Nasdaq has determined to delist the company’s securities.
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