regulatory
confidence high
sentiment negative
materiality 0.65
APx Acquisition Corp. I: Nasdaq/NYSE listing notice — APx Acquisition Corp. I receives Nasdaq delisting notice for warrants below $1M market value
APx Acquisition Corp. I
- Nasdaq notified APx on June 9, 2023 that its warrants (APXIW) fail Listing Rule 5452(b)(C) due to aggregate market value under $1M.
- Company has 45 days (by July 24, 2023) to submit a plan to regain compliance; if accepted, 180-day cure period to Dec 6, 2023.
- Notice only affects warrants; Class A ordinary shares listing on Nasdaq unaffected.
- Company intends to submit a compliance plan; failure could lead to warrants delisting with appeal rights.