Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule
or Standard; Transfer of Listing
On February 24, 2023, Achari Ventures Holdings Corp. I, a Delaware company (the
"Company") received a letter (the "Letter") from the Nasdaq Listing
Qualifications department of Nasdaq Global Market ("Nasdaq") indicating that the
Company was not in compliance with Listing Rule 5450(b)(2)(C), requiring a
"Market Value" of "Publicly Held Shares" of at least $15 million. The Letter is
only a notification of deficiency, not of imminent delisting, and has no current
effect on the listing or trading of the Company's securities on Nasdaq.
The Letter states that the Company has 180 calendar days to regain compliance
with Listing Rule 5450(b)(2)(C) or August 23, 2023. If at any time during this
compliance period the Company's "Market Value" of "Publicly Held Shares" closes
at $15,000,000 or more for a minimum of ten consecutive business days, Nasdaq
will provide the Company with a written confirmation of compliance, and this
matter will be closed. Alternatively, the Company is reviewing all alternatives,
including applying to transfer the Company's securities to The Nasdaq Capital
Market.
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