Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On April 19, 2023, Investcorp Europe Acquisition Corp 1 (the "Company") received
a notification letter from the NASDAQ Listing Qualifications ("NASDAQ") stating
the Company was not in compliance with NASDAQ Listing Rule 5250(c)(1), due to
its failure to timely file its Annual Report on Form 10-K for the year ended
December 31, 2022 (the "2022 10-K"). The NASDAQ notification letter provides the
Company 60 calendar days from the date of the notification, or until June 20,
2023, to submit a plan to NASDAQ to regain compliance with the NASDAQ's
continued listing requirements. If the plan is accepted, NASDAQ can grant an
exception of up to 180 calendar days, or until October 16, 2023, for the Company
to regain compliance. If NASDAQ does not accept the Company's compliance plan,
the Company will have the opportunity to appeal that decision to a Hearing Panel
under Listing Rule 5815(a). The NASDAQ notification letter has no immediate
effect on the listing of the Company's common stock on the NASDAQ Capital
Market.
The Company does not currently expect submission of a compliance plan will be
necessary as it anticipates filing its 2022 10-K prior to the expiration of the
60 day period. The Company anticipates that it will fully regain compliance with
the NASDAQ continued listing requirements upon such filing of its 2022 10-K.
Item 8.01. Other Events.
On April 20, 2023, the Company issued a press release announcing the receipt of
the non-compliance letter from NASDAQ. A copy of the press release is attached
as Exhibit 99.1 hereto.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1 Press Release, dated April 20, 2023
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INVESTCORP EUROPE ACQUISITION CORP I 
