regulatory
confidence high
sentiment negative
materiality 0.60
Gardiner Healthcare Acquisitions Corp.: Nasdaq/NYSE listing notice — Gardiner Healthcare receives Nasdaq delisting notice for insufficient public holders; transfer to Capital Market granted
Gardiner Healthcare Acquisitions Corp.
- Received Nasdaq notice on Oct 24, 2023 for failing to maintain minimum 300 public holders under Listing Rule 5550(a)(3).
- Must submit compliance plan by December 8, 2023; potential extension of up to 180 days if plan accepted.
- Previously failed minimum 400 total holders on Nasdaq Global Market, applied to phase-down.
- Transfer to Nasdaq Capital Market approved, effective October 27, 2023.
- No assurance of regaining or maintaining Nasdaq listing compliance.