regulatory
confidence high
sentiment negative
materiality 0.65
Genesis Growth Tech Acquisition Corp.: Nasdaq/NYSE listing notice — Genesis Growth Tech receives Nasdaq deficiency notice for late 10-Q and 10-K filings
Genesis Growth Tech Acquisition Corp.
- Received Nasdaq notice on May 23, 2023 for non-compliance with Rule 5250(c)(1) due to late Form 10-Q (Q1 2023) and delinquent Form 10-K (FY2022).
- No immediate effect on listing; must submit compliance plan by June 20, 2023; Nasdaq can grant up to 180-day extension through Oct 16, 2023.
- If plan rejected, company may appeal Nasdaq's decision to a Hearing Panel under Listing Rule 5815.
- Press release issued May 26, 2023 confirming the notification.