secwatch / observer
8-K filed April 27, 2023, 7:59 PM ET CIK 0001817565
regulatory confidence high sentiment negative materiality 0.80

Financial Strategies Acquisition Corp.: Nasdaq/NYSE listing notice — FXCO receives Nasdaq delisting notice for unpaid fees; issues $150K promissory note

Financial Strategies Acquisition Corp.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Financial Strategies Acquisition Corp. incurred loan of $150,000 with Temmelig Investor LLC at 10% per annum maturing upon the earlier of thirty days from the date that the Company consummates an initial business combination and one year from the date of issuance.

Instrument
loan
Principal
$150,000
Counterparty
Temmelig Investor LLC
Rate
10% per annum
Maturity
upon the earlier of thirty days from the date that the Company consummates an initial business combination and one year from the date of issuance
Event
incurrence
Exact text from the filing
the Company issued an unsecured promissory note in the principal amount of $150,000 (the “Promissory Note”) to an affiliate of the Co-Sponsors, Temmelig Investor LLC
View on SEC.gov
Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Financial Strategies Acquisition Corp. received a nasdaq noncompliance notice notice regarding other (rules 5250(f)).

Exchange
nasdaq
Notice
noncompliance notice
Rules
5250(f)
Exact text from the filing
April 21, 2023, Financial Strategies Acquisition Corp., a Delaware corporation (the “Company”), received a notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company is not in compliance with Nasdaq Listing Rule 5250(f) because it has not paid certain fees to Nasdaq. The Company’s past due fee balance currently totals $133,000. The Nasdaq notice has no immediate impact on the listing or trading of the Company’s securities on the Nasdaq Stock Market. The Company will be delisted unless it appeals this determination as described pursuant
View on SEC.gov

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Source: SEC EDGAR
accession 0001104659-23-051308
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