Cartica Acquisition Corp: Nasdaq/NYSE listing notice — Cartica Acquisition Corp receives Nasdaq delisting notice for audit committee rule; cure period until 2025

Cartica Acquisition Corp

Received Nasdaq notice on Nov 27, 2024 for failing Audit Committee Listing Rule 5605 due to vacancy after director resignation.
Resignation of Kyle Ingvald Parent from board and audit committee on Nov 15, 2024 caused non-compliance.
Company has until next annual meeting or Nov 15, 2025 to regain compliance; if meeting before May 14, 2025, compliance evidence due May 14, 2025.
Notice has no immediate effect on listing or trading of CITE, CITEU, CITEW on Nasdaq Capital Market.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.97

Cartica Acquisition Corp received a nasdaq deficiency notice notice regarding audit committee (rules 5605).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: audit committee
Rules: 5605

Exact text from the filing

November 27, 2024, Cartica Acquisition Corp (the “Company”) received a written notice (the “Notice”) from The Nasdaq Stock Market (“Nasdaq”) indicating that the Company no longer complies with Nasdaq Listing Rule 5605 (the “Audit Committee Listing Rule”), which requires, among other things, companies with securities listed on Nasdaq to have an audit committee consisting of at least three members who are independent directors. The Company fell out of compliance with the Audit Committee Listing Rule as a result of the vacancy caused by the resignation of Kyle Ingvald Parent from the board of dir

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Source: SEC EDGAR

accession 0001104659-24-125571

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