regulatory
confidence high
sentiment negative
materiality 0.55
Edify Acquisition Corp.: Nasdaq/NYSE listing notice — Edify Acquisition Corp. receives Nasdaq non-compliance notice for missing annual meeting deadline
Edify Acquisition Corp.
- Nasdaq notified Edify on Jan 11, 2023 that it failed to hold annual meeting within 12 months of Dec 31, 2021 FYE.
- Company has 45 days to submit a plan to regain compliance; Nasdaq may grant up to 180 days (until June 29, 2023).
- Plan expects to file definitive proxy and hold annual meeting in February 2023 to regain compliance.
- Notification has no immediate effect on listing of EAC, EACPU, or EACPW on Nasdaq.