regulatory
confidence high
sentiment negative
materiality 0.70
Moringa Acquisition Corp: Nasdaq/NYSE listing notice — Moringa Acquisition Corp receives Nasdaq deficiency notice for failing minimum public holders rule
Moringa Acquisition Corp
- Received notice on March 28, 2023, for non-compliance with Nasdaq Listing Rule 5550(a)(3) requiring at least 300 public holders.
- Company has 45 calendar days to submit a plan to regain compliance with the Minimum Public Holders Rule.
- If plan accepted, Nasdaq may grant an extension of up to 180 calendar days from the notice date.
- Company is monitoring holder count and considering options to achieve compliance.
- Notice is a deficiency notification and has no immediate effect on listing or trading of securities.