---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-074028"
form_type: "8-K"
ticker: null
cik: "0001773087"
company_name: "Tuscan Holdings Corp. II"
filed_at: "2022-11-21T23:59:59+00:00"
generated_at: "2026-06-21T15:09:36.099491+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Tuscan Holdings to be delisted from Nasdaq after Surf Air merger termination

## Summary
- Merger agreement with Surf Air terminated mutually on Nov 16, 2022.
- Nasdaq suspended additional extension; trading suspension begins Nov 21, 2022.
- Company failed to complete business combination within 36-month deadline (July 11, 2022).
- Nasdaq will file Form 25 to delist securities after appeal periods expire.

## SEC filing metadata
- accession: 0001213900-22-074028
- form_type: 8-K
- cik: 0001773087
- company_name: Tuscan Holdings Corp. II
- filed_at: 2022-11-21T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1773087/000121390022074028/0001213900-22-074028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1773087/000121390022074028/ea169053-8k_tuscan2.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-074028
- JSON: https://secwatch.observer/filing/0001213900-22-074028.json
- Plain text: https://secwatch.observer/filing/0001213900-22-074028.txt

## Key facts
- Listing & Compliance Notices
  Tuscan Holdings Corp. II received a nasdaq deficiency notice notice regarding other (rules IM-5101-2).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Rules: IM-5101-2
  source text: July 11, 2022, the Company was not in compliance with Listing Rule IM-5101-2 (the “ Rule ”), which requires that a special purpose acquisition company complete one or more business combinations within 36 months of the effectiveness of the registration statement filed in connection with its initial public offering. Since the Company’s registration statement became effective on July 11, 2019, it was required to complete an initial business combination by no later than July 11, 2022. The Company requested a hearing before an independent hearings panel, which request had stayed any suspension or d
  evidence_url: https://www.sec.gov/Archives/edgar/data/1773087/000121390022074028/0001213900-22-074028-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.