Piermont Valley Acquisition Corp (CMCAF): Nasdaq/NYSE listing notice — Capitalworks EM receives Nasdaq delisting notice for failing minimum holder rule

Piermont Valley Acquisition Corp

Nasdaq notified Capitalworks EM on April 18, 2024 that it did not regain compliance with the 400 total holders rule.
Company also does not meet the 300 public holder requirement for Nasdaq Capital Market transfer.
Unless a hearing is requested by April 25, 2024, securities will be suspended and delisted from the Global Market on April 29.
Company intends to request a hearing before Nasdaq Hearings Panel, which stays suspension pending decision.

Key facts

Extracted from this filing and checked against the source text.

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

Piermont Valley 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 18, 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 25, 2024, the Company’s securities would be subject to suspension and delisting from the Nasdaq Global Market at the opening of business on April 29, 2024, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company’s securities from listi

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Source: SEC EDGAR

accession 0001104659-24-051292

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