regulatory
confidence high
sentiment negative
materiality 0.70
Altitude Acquisition Corp.: Nasdaq/NYSE listing notice — Altitude Acquisition Corp. receives Nasdaq delisting notice for failure to hold annual meeting
Altitude Acquisition Corp.
- Nasdaq notified Altitude on Jan. 9, 2023, that it failed to hold an annual meeting within 12 months of fiscal year ended Dec. 31, 2021, violating Listing Rule 5620(a).
- Company has 45 days (until Feb. 23, 2023) to submit a plan to regain compliance; Nasdaq may grant up to 180 days from fiscal year end (June 29, 2023).
- Altitude intends to submit a compliance plan; securities continue trading on Nasdaq while plan is pending.