Zalatoris II Acquisition Corp: Nasdaq/NYSE listing notice — Zalatoris II Acquisition Corp receives Nasdaq delisting notice for insufficient public holders

Zalatoris II Acquisition Corp

Received Nasdaq notice on Sept 27, 2023 for failing to meet minimum 300 public holders per Listing Rule 5550(a)(3).
Must submit a compliance plan by November 13, 2023 to regain compliance.
If plan accepted, Nasdaq may grant up to 180 calendar days from the notice to cure.
Company intends to regain compliance but cautions no assurance of success.
Trading symbols ZLS, ZLSWU, ZLSWW continue trading on Nasdaq pending review.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Zalatoris II Acquisition Corp received a nasdaq deficiency notice notice regarding other (rules 5550(a)(3)).

Exchange: nasdaq
Notice: deficiency notice
Rules: 5550(a)(3)

Exact text from the filing

September 27, 2023, Zalatoris II Acquisition Corp., a Cayman Islands limited liability company (NASDAQ: ZLS) (the “Company”), received a letter (the “Notice”) from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company has not complied with the requirements of Nasdaq Listing Rule 5550(a)(3) (the “Rule”) for continued listing on Nasdaq. Under the Rule, the Company is required to maintain at least 300 public holders (the “Total Holder Requirement”). The Notice indicates that the Company has until November 13, 2023 to submit a plan (the “Complianc

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Source: SEC EDGAR

accession 0001104659-23-106535

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