regulatory
confidence high
sentiment negative
materiality 0.75
IX Acquisition Corp. (IXAQF): Nasdaq/NYSE listing notice — IX Acquisition Corp. receives Nasdaq delisting notice for insufficient holders; plans hearing
IX Acquisition Corp.
- Nasdaq notified IX Acquisition on Oct 9, 2023 of non-compliance with Minimum Total Holders Rule (400 holders).
- Company failed to regain compliance by April 8, 2024 extension deadline.
- Unless a hearing is requested by May 7, 2024, securities face suspension and delisting on May 9, 2024.
- Company intends to request hearing to appeal; trading will continue pending Panel decision.
- No assurance that the hearing will be successful or that listing will be maintained.