Item 3.01. Notice of Delisting or Failure to Satisfy Continued Listing Rule or
Standard; Transfer of Listing.
As previously disclosed in the Notification of Late Filing on Form 12b-25 filed
on April 3, 2023 and Amendment No. 1 filed on April 20, 2023 by Landcadia
Holdings IV, Inc. (the "Company") with the Securities Exchange Commission, the
Company had determined that it required additional time to complete its Annual
Report on Form 10-K for the year ended December 31, 2022 (the "2022
Form 10-K") and expected to receive a notice from the Listing Qualifications
Department of The Nasdaq Stock Market LLC ("Nasdaq") that the Company was not in
compliance with Nasdaq Listing Rule 5250(c)(1).
The Company received such notice (the "Non-Compliance Letter") on April 21,
2023, which had no immediate effect on the listing or trading of the Company's
securities on the Nasdaq Capital Market. Pursuant to the letter, the Company had
until June 20, 2023 (60 calendar days from the date of the Non-Compliance
Letter) to submit a plan to regain compliance with Nasdaq's filing requirements
for continued listing, upon the acceptance of which Nasdaq may grant an
extension of up to 180 days from the due date of the 2022 Form 10-K, or until
October 18, 2023, for the Company to regain compliance with Nasdaq's filing
requirements for continued listing.
On April 25, 2023, the Company filed the 2022 Form 10-K. On April 26, 2023, the
Company received a letter from Nasdaq stating, that based on the Company's
filing of the 2022 Form 10-K, Nasdaq has determined that the Company now
complies with the filing requirements for continued listing under Nasdaq Listing
Rule 5250(c)(1).
Separately, as previously disclosed on April 7, 2023, the Company is not in
compliance with the Market Value of Listed Securities standard for continued
listing on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(b)(2).
The Company continues to evaluate available options to regain compliance with
the Nasdaq continued listing standards. The Company has until September 25,
2023, to regain compliance, although there can be no assurance that it will be
able to do so.
Forward-Looking Statements
Certain information contained in this report consists of forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995 that involve risks, uncertainties and assumptions that are difficult to
predict. Words such as "will," "would," "may," "intends," "potential," and
similar expressions, or the use of future tense, identify forward-looking
statements, but their absence does not mean that a statement is not
forward-looking. Such forward-looking statements are not guarantees of
performance and actual actions or events could differ materially from those
contained in such statements. These risks and uncertainties include, but are not
limited to, those factors described under the heading "Risk Factors" in the 2022
Form 10-K, the Company's subsequent Quarterly Reports on Form 10-Q, and any
other documents filed by the Company with the SEC. The forward-looking
statements contained in this report speak only as of the date of this report and
the Company undertakes no obligation to publicly update any forward-looking
statements to reflect changes in information, events or circumstances after the
date of this report, unless required by law.
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LANDCADIA HOLDINGS IV, INC. 
