regulatory
confidence high
sentiment negative
materiality 0.65
GCT Semiconductor Holding, Inc. (GCTS): Nasdaq/NYSE listing notice — Concord Acquisition Corp III receives NYSE noncompliance notice for fewer than 300 public stockholders
GCT Semiconductor Holding, Inc.
- NYSE notice dated Jan 19, 2024; Company has fewer than 300 public stockholders, violating Section 802.01B.
- Company has 45 days to submit a business plan to demonstrate how it will regain compliance within 18 months.
- No immediate impact on listing; NYSE will continue trading if plan is approved, subject to progress reviews.
- Company expects to reach 300 public stockholders upon completion of an initial business combination.