regulatory
confidence high
sentiment negative
materiality 0.90
Liberty Resources Acquisition Corp.: Nasdaq/NYSE listing notice — Liberty Resources receives Nasdaq delisting notice for MVLS, float, holders; extends deadline to Jan 8, 2024
Liberty Resources Acquisition Corp.
- Deposited $150,000 into trust to extend initial business combination deadline one month to January 8, 2024.
- Received Nasdaq delisting letter for failing Market Value of Listed Securities under $50M, public float below 1.1M shares, and fewer than 400 holders.
- Trading suspension set for December 15, 2023 unless appeal filed by December 13; Company intends to appeal to Nasdaq Hearings Panel.
- Previously disclosed non-compliance with Nasdaq listing rules 5450(b)(2)(A), (B), and 5450(a)(2); outcome uncertain.