Current Report Filing (8-k)
June 09 2023 - 5:26PM
Edgar (US Regulatory)
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2023-06-05
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2023-06-05
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2023-06-05
2023-06-05
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2023-06-05
2023-06-05
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
June 5, 2023
Liberty Resources Acquisition Corp.
(Exact name of registrant as specified in its
charter)
Delaware |
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001-40883 |
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86-3485220 |
(State or other jurisdiction of incorporation) |
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(Commission File Number) |
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(IRS Employer Identification No.) |
10
East 53rd St
Suite 3001
New
York, New York 10022
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including
area code 1-305-809-7217
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b)
of the Act:
Title of Each Class |
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Trading Symbol(s) |
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Name of Each Exchange on Which Registered |
Units, each consisting of one share of Class A Common Stock and one Redeemable Warrant |
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LIBYU |
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The Nasdaq Stock Market LLC |
Class A Common Stock, $0.0001 par value per share |
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LIBY |
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The Nasdaq Stock Market LLC |
Redeemable Warrants, each exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share |
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LIBYW |
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The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company x
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
Item 3.01 | Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. |
On June 5, 2023, Liberty Resources
Acquisition Corp., a Delaware corporation (the “Company”), received a written notice from the Listing Qualifications
Department of The Nasdaq Stock Market (“Nasdaq”) indicating that since the Company’s Market Value of Listed
Securities was less than $50 million, the Company was no longer in compliance with the Nasdaq Global Market continued listing criteria
set forth in Listing Rule 5450(b)(2)(A), which requires the Company to maintain a Market Value of Listed Securities of at least $50 million
(the “MVLS Notice”). The MVLS Notice additionally indicates that the Company, pursuant to the Listing Rules,
has a compliance period of 180 calendar days in which it can regain compliance. Further, The MVLS Notice states that, if at any time during
the compliance period the Company closes at $50 million or more for a minimum of ten consecutive business days, Nasdaq will provide written
confirmation of compliance and the matter will be closed.
The MVLS Notice serves only
as a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company’s
securities. The MVLS Notice does not have a current effect on the listing or trading of the Company’s securities on the Nasdaq Global
Market. The Company intends to take action to regain compliance with Rule 5450(b)(2)(A) within the 180 calendar day compliance period.
While the Company is exercising diligent efforts to maintain the listing of its common stock on Nasdaq Global Market, there can be no
assurance that the Company will be able to regain or maintain compliance with Nasdaq Global Market MVLS requirement.
Exhibit
Number |
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Description of Exhibit |
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104 |
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Cover Page Interactive Data File (embedded with the Inline XRBL document). |
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
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LIBERTY RESOURCES ACQUISITION CORP. |
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Date: June 9, 2023 |
By: |
/s/ Dato’ Maznah Binti Abdul Jalil |
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Dato’ Maznah Binti Abdul Jalil |
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Chief Executive Officer |
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