regulatory
confidence high
sentiment negative
materiality 0.80
Heartland Media Acquisition Corp.: Nasdaq/NYSE listing notice — Heartland Media Acquisition Corp. receives NYSE noncompliance notice for minimum public stockholders
Heartland Media Acquisition Corp.
- On Jan 12, 2023, NYSE notified HMA that it fails to maintain minimum 300 public stockholders (Section 802.01B).
- Company must submit a business plan within 45 days to NYSE to demonstrate return to compliance within 18 months.
- If NYSE listings operations committee rejects the plan, suspension and delisting procedures may be initiated.
- During noncompliance, HMA common stock, warrants, and units will bear '.BC' indicator on consolidated tape.
- Notice has no immediate effect on continued listing, subject to compliance with other NYSE requirements.