African Agriculture Holdings Inc. received a notification from Nasdaq on March 21, 2024, stating that its Market Value of Listed Securities (MVLS) fell below the required $50 million for continued listing on the Nasdaq Global Market. The company's MVLS was below the minimum threshold for 32 consecutive business days prior to the notice. The notice does not immediately affect the trading of the company's common stock and warrants, which will continue to be listed on Nasdaq. The company has been given a 180-day grace period, until September 17, 2024, to regain compliance by having its MVLS close at or above $50 million for at least ten consecutive business days. If the company fails to meet this requirement, it may be eligible to transfer its listing to the Nasdaq Capital Market, provided it meets the requirements for that market. The company intends to monitor its MVLS and explore options to regain compliance, but there is no guarantee it will be successful. If the company does not regain compliance, it may face delisting, which could be appealed to a Nasdaq Hearings Panel, but there is no assurance of a successful appeal.