regulatory
confidence high
sentiment negative
materiality 0.65
Zalatoris Acquisition Corp.: Nasdaq/NYSE listing notice — Trajectory Alpha receives NYSE notice for fewer than 300 public stockholders; faces delisting risk
Zalatoris Acquisition Corp.
- NYSE notified TCOA on Jan 12, 2023 of noncompliance with minimum 300 public stockholders requirement.
- Company has 45 days to submit a business plan to NYSE to cure deficiency within 18 months.
- Class A common stock continues trading on NYSE during the cure period subject to other listing standards.
- Company expects to regain compliance upon completion of its initial business combination.