---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-051308"
form_type: "8-K"
ticker: null
cik: "0001817565"
company_name: "Financial Strategies Acquisition Corp."
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T09:19:26.131098+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# FXCO receives Nasdaq delisting notice for unpaid fees; issues $150K promissory note

## Summary
- Nasdaq notice on April 21, 2023 for non-compliance with Listing Rule 5250(f) due to $133,000 unpaid fees; delisting possible by May 2 unless appeal.
- Company elected to appeal Nasdaq determination; hearing request stays suspension pending Panel decision.
- Issued unsecured promissory note of $150,000 to Temmelig Investor LLC (affiliate of co-sponsors) on April 26, 2023 to fund listing fees.
- Note bears 10% interest, matures upon earlier of 30 days post-business combination or one year; may convert at $10/unit.

## SEC filing metadata
- accession: 0001104659-23-051308
- form_type: 8-K
- cik: 0001817565
- company_name: Financial Strategies Acquisition Corp.
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.03, 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1817565/000110465923051308/0001104659-23-051308-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1817565/000110465923051308/tm2313986d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-051308
- JSON: https://secwatch.observer/filing/0001104659-23-051308.json
- Plain text: https://secwatch.observer/filing/0001104659-23-051308.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1817565/000110465923051308/0001104659-23-051308-index.htm
- Listing & Compliance Notices
  Financial Strategies Acquisition Corp. received a nasdaq noncompliance notice notice regarding other (rules 5250(f)).
  - Exchange: nasdaq
  - Notice: noncompliance notice
  - Rules: 5250(f)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1817565/000110465923051308/0001104659-23-051308-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.