Nasdaq notified TLGY on May 1, 2024 that it failed to regain compliance with the minimum 400 total shareholders rule by April 8, 2024 extension deadline.
Company intends to request a hearing before the Nasdaq Hearings Panel to appeal the delisting notice.
Hearing request automatically stays delisting and suspension of securities pending the Panel's decision.
No assurance that the appeal will be successful; securities remain at risk of delisting if denied.
TLGY ACQUISITION CORP received a nasdaq deficiency notice notice regarding other (rules 5450(a)(2)).
Exchange
nasdaq
Notice
deficiency notice
Rules
5450(a)(2)
Exact text from the filing
May 1, 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. The Company intends to timely request a hearing before the Nasdaq Hearings Panel (the “Panel”) to appeal the Notice. The hearing request will automatically stay the delisting and suspension of the Company’s securities and the filing of the Form 25-NSE pending the Panel’s decision. There can be no assurance that the hearing before the Panel will be successful. SIGNATURE Pursuant to the requirements of the Sec
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