regulatory
confidence high
sentiment negative
materiality 0.65
Singularity Future Technology Ltd. (SGLY): Nasdaq/NYSE listing notice — Singularity Future receives Nasdaq non-compliance notice for audit committee rule after director resignation
Singularity Future Technology Ltd.
- Nasdaq notified Singularity on March 8, 2023 that it no longer complies with Listing Rule 5605 audit committee requirement.
- Non-compliance triggered by resignation of director John Levy from board and audit committee effective Feb 23, 2023.
- Cure period extends until earlier of next annual shareholders' meeting or Feb 23, 2024; if meeting before Aug 22, 2023, compliance due by Aug 22, 2023.
- Company states it intends to regain compliance with Nasdaq's audit committee rule before cure period ends.