Cartica Acquisition Corp: Nasdaq/NYSE listing notice — Cartica Acquisition Corp fails minimum total holders rule; Nasdaq threatens delisting

Cartica Acquisition Corp

Received Nasdaq notice on April 16, 2024 for failing to maintain at least 400 total holders; securities subject to suspension/delisting unless hearing requested by April 23.
Company intends to request a hearing before Nasdaq Hearings Panel to appeal; trading to continue during the hearing process.
No assurance the hearing will be successful; trading could be suspended if appeal fails.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Cartica Acquisition Corp received a nasdaq delisting notice notice regarding shareholders (rules 5450(a)(2), 5810(c)(2)(B)(i)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: shareholders
Rules: 5450(a)(2), 5810(c)(2)(B)(i)

Exact text from the filing

April 16, 2024, the Company received a notice (the “Notice”) from Nasdaq indicating that the Company did not regain compliance with the Minimum Total Holders Rule during the Extension Period. Pursuant to the Notice, unless the Company requests a hearing before the Nasdaq Hearings Panel (the “Panel”) by April 23, 2024, the Company’s securities would be subject to suspension and delisting from the Nasdaq Global Market at the opening of business on April 25, 2024, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company’s securities from listing a

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Source: SEC EDGAR

accession 0001104659-24-049522

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