other material
confidence high
sentiment negative
materiality 0.80
Coliseum Acquisition Corp.: Nasdaq/NYSE listing notice — Coliseum Acquisition receives Nasdaq delisting notice for public holders rule; extends business combo deadline to Oct 25
Coliseum Acquisition Corp.
- Nasdaq notified Coliseum on Sept 20, 2023 that it failed to meet minimum 300 public holders rule; securities to be suspended Sept 29.
- Company intends to request a hearing before Nasdaq Hearings Panel to appeal delisting determination.
- Board extended deadline to complete business combination from Sept 25 to Oct 25, 2023 (fourth of twelve possible monthly extensions).
- Berto LLC deposited $100,000 into trust account in connection with the extension.