regulatory
confidence high
sentiment negative
materiality 0.75
Corner Growth Acquisition Corp.: Nasdaq/NYSE listing notice — Corner Growth receives Nasdaq delisting notice for failing to complete SPAC merger within 36 months
Corner Growth Acquisition Corp.
- Nasdaq notified Corner Growth on Dec 18, 2023, of non-compliance with IM-5101-2 for not completing a business combination within 36 months of IPO.
- Securities (COOLU, COOL, COOLW) were set for suspension/delisting on Dec 27, 2023, unless a hearing was requested.
- Company timely requested a hearing before Nasdaq Hearings Panel, which stays suspension pending the hearing.
- Corner Growth is pursuing a business combination with Noventiq Holdings PLC (announced previously).