regulatory
confidence high
sentiment negative
materiality 0.65
CORNER GROWTH ACQUISITION CORP. 2: Nasdaq/NYSE listing notice — Corner Growth Acquisition Corp. 2 receives Nasdaq deficiency notice for minimum public holders rule
CORNER GROWTH ACQUISITION CORP. 2
- Nasdaq notified CGAC2 on Feb 22, 2024 it fails the minimum 300 public holders requirement (Rule 5550(a)(3)).
- Company has 45 calendar days, until April 8, 2024, to submit a plan to regain compliance.
- Notice does not currently affect listing or trading of TRON, TRONU, TRONW on Nasdaq.
- If plan accepted, Nasdaq may grant up to 180-day extension; if rejected, company can appeal.