regulatory
confidence high
sentiment negative
materiality 0.85
Rose Hill Acquisition Corp: Nasdaq/NYSE listing notice — Rose Hill receives Nasdaq delisting notice for failure to meet minimum publicly held shares rule
Rose Hill Acquisition Corp
- Nasdaq Staff notified Rose Hill on July 26, 2023 that it failed to satisfy Listing Rule 5550(a)(4) minimum of 500,000 publicly held shares.
- Class A ordinary shares (ROSE), warrants (ROSEW), and units (ROSEU) subject to suspension and delisting from Nasdaq Capital Market.
- Company intends to timely request a hearing before the Nasdaq Hearings Panel to appeal the delisting determination.
- Hearing request will stay suspension and delisting pending Panel decision; no assurance of additional compliance period.