Announcement • Nov 19
Nasdaq to Delist the Securities of Appreciate Holdings Nasdaq announced that it will delist the securities of Appreciate Holdings, Inc. The company’s securities were suspended on October 27, 2023, and have not traded on Nasdaq since that time. Announcement • Nov 15
Appreciate Holdings, Inc. announced delayed 10-Q filing On 11/14/2023, Appreciate Holdings, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Nov 01
Appreciate Holdings, Inc.(OTCPK:SFRT) dropped from S&P TMI Index Appreciate Holdings, Inc.(OTCPK:SFRT) dropped from S&P TMI Index Announcement • Oct 28
Appreciate Holdings, Inc.(OTCPK:SFRT) dropped from NASDAQ Composite Index Appreciate Holdings, Inc removed from NASDAQ Composite Index. Announcement • Sep 12
Appreciate Holdings, Inc. Receives Letter from its Senior Lender St. Cloud Capital Partners III SBIC, LP On September 5, 2023 Appreciate Holdings, Inc. received a letter from its senior lender St. Cloud Capital Partners III SBIC, LP (“St. Cloud”). The letter noted that as a result of the Company’s failure to satisfy certain conditions, St. Cloud considers the previously executed Forbearance Agreement terminated. The letter indicates that St. Cloud has determined to exercise its rights and remedies under the Loan Agreement dated January 2, 2019, and accelerates amounts due under the Loan Agreement. As of August 1, 2023 the amounts due to St. Cloud, including the Forbearance fee and costs and expenses, totaled $10.6 million. The Company is in active discussions with St. Cloud concerning these matters. If the Company is unable to reach agreement with St. Cloud regarding a new forbearance agreement or accommodation, there is a risk that St. Cloud could exercise its rights and remedies as a secured lender, including potentially foreclosing on its collateral, which includes substantially all of the Company’s assets. Announcement • Aug 26
Appreciate Receives Notice from Nasdaq Regarding Late Filing of its Form 10-Q Appreciate Holdings, Inc. (‘Appreciate’ or the ‘Company’) announced that it received a written notice (the ‘Notice’) on August 22, 2023, from the Listing Qualifications Department of The Nasdaq Stock Market (‘Nasdaq’), as a result of its failure to file Form 10-Q for the period ended June 30, 2023 (the ‘Form 10-Q) in a timely manner. The Notice advised the Company that it was not in compliance with Nasdaq’s continued listing requirements under the Nasdaq Listing Rule 5250(c)(1) (the ‘Rule’) because it has not timely filed the Form 10-Q with the Securities and Exchange Commission (the ‘SEC’). As previously reported by the Company in its Form 12b-25 filed with the SEC on April 3, 2023, and in its Form 12b-25 filed with the SEC on May 17, 2023, the Company was unable to file its Form 10-K for the period ended December 31, and Form 10-Q for the period ended March 31, 2023, within the prescribed time period without unreasonable effort or expense. Following a submission of a plan to regain compliance with the Rule, Nasdaq had granted the Company an exception until October 16, 2023, to file its delinquent Form 10-K for the period ended December 31, 2022 (the ‘Initial Delinquent Filing’) and Form 10-Q for the period ended March 31, 2023. As a result of the Notice, any additional exception to allow the Company to regain compliance with all delinquent filings, will be limited to a maximum of 180 calendar days from the due date of the Initial Delinquent Filing, or October 16, 2023. Nasdaq has informed the Company that it must submit an update to its original plan to regain compliance with respect to the filing requirement no later than September 5, 2023. There can be no assurance that Nasdaq will accept the Company’s update to the plan to regain compliance or that the Company will be able to regain compliance within any extension period granted by Nasdaq or maintain compliance with the other continued listing requirements set in the Nasdaq Listing Rules. The Notice has no immediate effect on the listing or trading of the Company’s securities. Announcement • Aug 17
Appreciate Holdings, Inc. announced delayed 10-Q filing On 08/15/2023, Appreciate Holdings, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Board Change • Aug 17
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Independent Director Joe Beck is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Jun 21
Appreciate Holdings Receives Written Notice from Nasdaq Regarding Non-Compliance with the Minimum Bid Price Requirement On June 13, 2023, Appreciate Holdings, Inc. received a written notice (the ‘Notice’) from the Listing Qualifications Department of The Nasdaq Stock Market (‘Nasdaq’) stating that the Company is not in compliance with Nasdaq Listing Rule 5450(a)(1) (the ‘Rule’) because the closing bid price for the last 32 consecutive business days was lower than $1.00. The Rule requires listed companies to maintain a minimum bid price of $1.00. The Notice has no immediate effect on the listing or trading of the Company’s securities. The Company has 180 calendar days from the date of the Notice to regain compliance with the minimum bid price requirement. If at any time during this 180 day period the closing bid price of the Company’s common stock is at least $1.00 for a minimum of 10 consecutive business days, Nasdaq will provide the Company with written confirmation of compliance with the minimum bid price requirement. If the Company does not regain compliance with the minimum bid price requirement within the initial 180 day compliance period, the Company may be eligible for an additional 180 calendar days to regain compliance if, on the last day of the initial compliance period, the Company meets the continued listing requirements as well as all other initial listing standards (other than the minimum bid price requirement), and the Company notifies Nasdaq of its intention to cure the deficiency during the second compliance period. If the Company meets these requirements, Nasdaq will inform the Company that it has been granted an additional 180 calendar days to regain compliance. If the Company does not indicate its intent to cure the deficiency, or if it does not appear to Nasdaq that it is possible for the Company to cure the deficiency, the Company will not be eligible for the second compliance period. If the Company does not regain compliance with the minimum bid price requirement within the applicable compliance period, the Company’s common stock will be subject to delisting. In addition, notwithstanding the foregoing, if during the initial compliance period or any additional compliance period the Company’s common stock has a closing bid price of $0.10 or less for ten consecutive trading days, the Company’s common stock will be subject to delisting. There can be no assurance that the Company will be able to regain compliance with Nasdaq’s continued listing requirements. Announcement • May 22
Appreciate Announces Receipt of Notice from Nasdaq Regarding Late Filing of its Form 10-Q On May 19, 2023, Appreciate Holdings, Inc. announced that it received an additional written notice (the ‘Additional Notice’) on May 18, 2023, from the Listing Qualifications Department of The Nasdaq Stock Market (‘Nasdaq’), as a result of its failure to file Form 10-Q for the period ended March 31, 2023 (the ‘Form 10-Q), and its Annual Report on Form 10-K for the fiscal year ended December 31, 2022 (the ‘Form 10-K’) in a timely manner. The Notice advised the Company that it was not in compliance with Nasdaq’s continued listing requirements under the Nasdaq Listing Rule 5250(c)(1) (the ‘Rule’) because it has not timely filed the Form 10-K and the Form 10-Q with the Securities and Exchange Commission (the ‘SEC’). As previously reported by the Company in its Form 12b-25 filed with the SEC on April 3, 2023, and in its Form 12b-25 filed with the SEC on May 17, 2023, the Company was unable to file its Form 10-K and Form 10-Q within the prescribed time period without unreasonable effort or expense. Nasdaq has informed the Company that, under Nasdaq rules, the Company has until June 20, 2023, to submit a plan to regain compliance with the Rule. If Nasdaq accepts the Company’s plan, then Nasdaq may grant an exception of up to 180 calendar days from the due date of the Form 10-K, or until October 16, 2023, to regain compliance. However, there can be no assurance that Nasdaq will accept the Company’s plan to regain compliance or that the Company will be able to regain compliance within any extension period granted by Nasdaq or maintain compliance with the other continued listing requirements set forth in the Nasdaq Listing Rules. If Nasdaq does not accept the Company’s plan, then the Company will have the opportunity to appeal that decision to a Nasdaq hearings panel. The Additional Notice has no immediate effect on the listing or trading of the Company’s securities. Announcement • May 19
Appreciate Holdings, Inc. announced delayed 10-Q filing On 05/17/2023, Appreciate Holdings, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Feb 15
Appreciate Holdings, Inc. Announces Resignation of Douglas Bergeron from the Board of Directors On February 8, 2023, Douglas Bergeron, a member of the Board of Directors of Appreciate Holdings, Inc. and a member of the Audit Committee thereof, notified the Company of his intention to resign from the Company's Board of Directors for personal reasons, effective February 10, 2023. Mr. Bergeron did not advise the Company of any disagreement with the Company on any matter relating to its operations, policies or practices. Board Change • Dec 31
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. Independent Director M. Beck is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 
