regulatory
confidence high
sentiment negative
materiality 0.75
TLGY ACQUISITION CORP (TLGYF): Nasdaq/NYSE listing notice — TLGY Acquisition receives Nasdaq delisting notice for failure to meet minimum 400 shareholder rule; plans appeal
TLGY ACQUISITION CORP
- 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.