Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On April 19, 2023, Swiftmerge Acquisition Corp. (the "Company") received a
letter (the "Non-Compliance Letter") from the Listing Qualifications Department
of the Nasdaq Stock Market ("Nasdaq") stating that the Company was not in
compliance with Nasdaq Listing Rule 5250(c)(1) as a result of its failure to
have timely filed its Annual Report on Form 10-K for the fiscal year ended
December 31, 2022 (the "2022 10-K"). The Non-Compliance Letter provides the
Company with 60 calendar days, or until June 20, 2023, to submit to Nasdaq a
plan to regain compliance in accordance with Nasdaq's listing requirements. If
the Company's plan is accepted, Nasdaq may grant the Company up to 180 days, or
until October 16, 2023, for the Company to regain compliance. If Nasdaq does not
accept the Company's plan, the Company will have the opportunity to appeal that
decision to a Nasdaq hearings panel under Nasdaq Listing Rule 5815(a). The
Non-Compliance Letter has no immediate effect on the listing of the Company's
Class A ordinary shares, warrants or units on the NASDAQ Global Market.
Item 7.01 Regulation FD Disclosure.
On April 21, 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
hereto as Exhibit 99.1.
The information in this Item 7.01 of this Current Report on Form 8-K is being
"furnished" pursuant to General Instruction B.2 of Form 8-K and shall not be
deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act
of 1934, as amended, or otherwise subject to the liabilities of that section,
and is not incorporated by reference into any Company filing, whether made
before or after the date hereof, regardless of any general incorporation
language in such filing.
Item 9.01. Financial Statement and Exhibits.
Exhibit
No. Description
99.1 Press release dated April 21, 2023
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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