Item 8.01. Other Events.
As previously disclosed in a Current Report on Form 8-K dated April 3, 2023, on
April 3, 2023, the Nasdaq Stock Market LLC notified OPY Acquisition Corp. I (the
"Company") that it had failed to maintain a minimum market value of listed
securities of $50,000,000 over the previous 30 consecutive business days as
required by The Nasdaq Global Market set forth in Listing Rule 5450(b)(2)(A)
(the "Rule"). As previously disclosed, the Sponsor agreed to exchange 3,162,499
founders shares for an equal number of shares of Class A common stock which is
the class of securities listed on Nasdaq.
On April 27, 2023, the Company received a subsequent letter from the Listing
Qualifications Staff of Nasdaq informing the Company that the Staff had
determined that for the period from April 11 to April 26, 2023, the Company's
market value of listed securities had been $50,000,000 or greater. Accordingly,
the Company has regained compliance with the Rule and the matter was now closed.
Item 9.01. Financial Statements and Exhibits.
EXHIBIT
NO. DESCRIPTION
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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