regulatory
confidence high
sentiment negative
materiality 0.50
Coliseum Acquisition Corp.: Nasdaq/NYSE listing notice — Coliseum Acquisition receives Nasdaq deficiency notice for insufficient public holders
Coliseum Acquisition Corp.
- Nasdaq notified Coliseum on March 21, 2023, that it lacks 300 public holders per Listing Rule 5550(a)(3).
- Company has 45 calendar days to submit a plan to regain compliance; extension of up to 180 days possible.
- Notice has no immediate effect on listing or trading of MITAU, MITA, MITAW securities.
- Coliseum will evaluate options to achieve compliance and may appeal any rejection of its plan.