regulatory
confidence high
sentiment negative
materiality 0.55
CXApp Inc. (CXAI): Nasdaq/NYSE listing notice — KINS Technology receives Nasdaq notice for failing to hold annual meeting; has until Feb 23 to submit plan
CXApp Inc.
- Nasdaq notified KINS on Jan 9, 2023 of non-compliance with Listing Rule 5620(a) for not holding annual meeting within 12 months of FYE Dec 31, 2021.
- Company has 45 days (until Feb 23, 2023) to submit a plan to regain compliance; if accepted, Nasdaq may grant up to 180 days (until Jun 29, 2023).
- While plan is pending, KINS securities (KINZU, KINZ, KINZW) continue to trade on Nasdaq.
- Company intends to submit a compliance plan within the specified period.