regulatory
confidence high
sentiment negative
materiality 0.60
New Providence Acquisition Corp. II: Nasdaq/NYSE listing notice — New Providence Acquisition Corp. II receives Nasdaq delisting notice for failure to hold annual meeting
New Providence Acquisition Corp. II
- Nasdaq notified NPAB on Jan 11, 2023, of non-compliance with Listing Rule 5620(a) due to failure to hold annual meeting within 12 months of FYE Dec 31, 2021.
- Company has until Feb 27, 2023 to submit a plan to regain compliance; if accepted, deadline extended to June 29, 2023.
- Securities continue trading on Nasdaq while compliance plan is pending; company intends to submit plan.
- If plan not accepted, NPAB can appeal to a Nasdaq Hearings Panel.