HCM Acquisition Corp: Nasdaq/NYSE listing notice — HCM Acquisition Corp receives Nasdaq deficiency notice for minimum total holders rule

HCM Acquisition Corp

On Jan 9, 2024, Nasdaq notified HCM Acquisition Corp of non-compliance with Listing Rule 5450(a)(2) requiring at least 400 total holders.
Company has 45 calendar days, until Feb 23, 2024, to submit a plan to regain compliance.
If plan accepted, Nasdaq may grant up to 180 days extension from notice date to cure deficiency.
Notice does not affect current listing or trading of HCMA, HCMAU, HCMAW securities on Nasdaq.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

HCM 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

January 9, 2024, HCM Acquisition Corp (the “Company”) received a letter from Nasdaq Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”), dated January 9, 2024 (the “Notice”), indicating that the Company does not comply with Nasdaq Listing Rule 5450(a)(2), which requires the Company to maintain at least 400 total holders for continued listing on the Nasdaq Global Market (the “Minimum Total Holders Rule”). The Company was provided with 45 calendar days, or until February 23, 2024, to submit a plan to regain compliance with Listing Rule 5450(a)(2). The Notice is only a notif

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Source: SEC EDGAR

accession 0001140361-24-002365

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