Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
           Standard; Transfer of Listing

On April 3, 2023, OPY Acquisition Corp. I (the "Company") received a letter (the "MVLS Notice") from the Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that for the last 30 consecutive business days prior to the date of the MVLS Notice, the Company's Minimum Market Value of Listed Securities ("MVLS") was less than $50.0 million, which does not meet the requirement for continued listing on The Nasdaq Global Market, as required by Nasdaq Listing Rule 5450(b)(2)(A) (the "MVLS Rule"). In accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Staff has provided the Company with 180 calendar days, or until October 2, 2023, to regain compliance with the MVLS Rule. The MVLS Notice has no immediate effect on the listing of the Company's securities on The Nasdaq Capital Market.

On April 10, 2023, OPY Acquisition LLC I (the "Sponsor") agreed to exchange 3,162,499 shares of the issued and outstanding shares of undesignated common stock held by it (the "Founders Shares") into shares of Class A common stock. On a pro forma basis, based on the closing stock price of the Class A common stock on April 7, 2023 of $10.22, this exchange will increase the MVLS by approximately $32 million. In order for the Company to regain compliance with the MVLS Rule, the Company's MVLS must equal or exceed $50.0 million for at least 10 consecutive trading days however and the Staff must provide written confirmation to the Company to close the matter. Upon receipt of such letter, the Company will file a subsequent Form 8-K to report the receipt of the letter.

In the event the Company does not regain compliance with the MVLS Rule prior to October 2, 2023 (the expiration of the compliance period), it will receive written notification that its securities are subject to delisting. At that time, the Company may appeal the delisting determination to a Hearings Panel.

While the Company believes the exchange will allow it to regain compliance with the MVLS Rule, there can be no assurance that the Company will be able to regain compliance with the MVLS Rule.

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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