regulatory
confidence high
sentiment negative
materiality 0.60
Belong Acquisition Corp.: Nasdaq/NYSE listing notice — Belong Acquisition Corp. receives Nasdaq deficiency notice for failing minimum public holders rule
Belong Acquisition Corp.
- Received Nasdaq notice on March 27, 2023 for non-compliance with Listing Rule 5550(a)(3) requiring at least 300 public holders.
- Notice is not an imminent delisting; company has 45 days to submit a plan to regain compliance.
- If Nasdaq accepts the plan, it may grant an extension of up to 180 calendar days to evidence compliance.
- Company intends to submit a compliance plan within the required timeframe.