regulatory
confidence high
sentiment negative
materiality 0.40
Genesis Growth Tech Acquisition Corp.: Nasdaq/NYSE listing notice — Genesis Growth Tech receives Nasdaq notice for late annual report; has until June 20 to submit plan
Genesis Growth Tech Acquisition Corp.
- Nasdaq notified GGAA on April 19, 2023 of non-compliance with Listing Rule 5250(c)(1) due to late filing of 2022 10-K.
- Company has 60 calendar days, until June 20, 2023, to submit a plan to regain compliance.
- If plan accepted, Nasdaq can grant up to 180-day exception until October 16, 2023.
- Notice has no immediate effect on listing of units, ordinary shares, or warrants on Nasdaq.
- Appeal to a Hearing Panel is available if compliance plan is rejected.