Ace Global Business Acquisition Ltd: Nasdaq/NYSE listing notice — Ace Global Business Acquisition receives Nasdaq delisting notice for insufficient public holders

Ace Global Business Acquisition Ltd

Received Nasdaq letter on Feb 27, 2023 for failing to maintain minimum 300 public holders (Rule 5550(a)(3)).
Has 45 calendar days to submit a compliance plan to Nasdaq.
If plan accepted, Nasdaq may grant exception until August 26, 2023 to regain compliance.
Company intends to submit a compliance plan within the specified period.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Ace Global Business Acquisition Ltd received a nasdaq deficiency notice notice regarding shareholders (rules 5550(a)(3), 5810(c)(2)(G)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: shareholders
Rules: 5550(a)(3), 5810(c)(2)(G)

Exact text from the filing

February 27, 2023, Ace Global Business Acquisition Limited (the “Company”) received a letter from the Nasdaq Stock Market LLC (“Nasdaq”), which stated that the Company no longer complies with Nasdaq’s continued listing rules due to the Company not maintaining a minimum of 300 public holders for continued listing, as required pursuant to rule 5550(a)(3). In accordance with Nasdaq Rule 5810(c)(2)(G), the Company has 45 calendar days to submit a plan to regain compliance and, if Nasdaq accepts the plan, Nasdaq can grant the Company an exception of up to 180 calendar days from the date of this let

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Source: SEC EDGAR

accession 0001213900-23-016168

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