SDCL EDGE Acquisition announced that it had received notice from the NYSE that it was not in compliance with a rule requiring the company to maintain a minimum of 300 public stockholders on a continuous basis.
The SPAC said it will submit a plan to the exchange within the 45-day timeframe and expects to regain compliance within 18 months.
SDCL EDGE raised $200 million in a November 2021 IPO to focus on companies engaged in energy efficient and decentralized energy solutions. No significant announcements have come from the company since then. Read more.