regulatory
confidence high
sentiment negative
materiality 0.60
Galata Acquisition receives NYSE American delisting notice for failing 300 public shareholders
Marti Technologies, Inc.
- Notice received Dec 1, 2021 for noncompliance with Section 1003(b)(i)(B) of the NYSE American Company Guide.
- Company has 30 days to submit a plan to regain compliance by June 1, 2023.
- Anticipates regaining compliance upon consummation of an initial business combination.
- Securities (GLTA.U, GLTA, GLTA WS) continue trading with '.BC' indicator during cure period.
- If NYSE rejects the plan, suspension and delisting procedures may follow.