On October 5, 2023, Nasdaq Listing Qualifications staff (Staff)
notified Achari Ventures Holdings Corp. I (the Company) that
it determined to delist the Company based on noncompliance with
Rule 5450(b)(2)(A).  On November 17, 2023, the Company exercised
its right to appeal the Staff determination to the Listing
Qualifications Hearings Panel (the Panel) pursuant to Rule
5815. A Panel hearing was held on December 7, 2023.  On December
19, 2023, the Panel issued a decision to continue listing the
Company securities on the Exchange, provided that the Company
demonstrate compliance with the initial listing standards in Rule
5505 on or before April 2, 2024. On April 5, 2024, the Panel issued
a decision to delist the Company securities. On April 19, 2024,
the Company exercised its right to appeal the Panel decision to
the Nasdaq Listing and Hearing Review Council (the Council)
pursuant to Rule 5820(a).  On June 20, 2024, the Council issued a
decision that affirmed the Panel decision to delist the Company
securities.  On July 25, 2024, the Company was provided notice
that the Nasdaq Board of Directors declined to call the Council
decision for review pursuant to Rule 5825(a).