regulatory
confidence high
sentiment negative
materiality 0.50
Chenghe Acquisition Co.: Nasdaq/NYSE listing notice — Chenghe Acquisition receives Nasdaq notice for warrant market value below $1M
Chenghe Acquisition Co.
- Received Nasdaq notice on June 13, 2023; warrant aggregate market value below $1 million minimum.
- Company has 45 days (until July 28, 2023) to submit a compliance plan to Nasdaq.
- If plan accepted, company has 180 days from notice date to regain compliance.
- Notice only affects warrants; Class A shares remain listed with no effect.
- Company intends to submit plan but cannot assure compliance will be regained.