regulatory
confidence high
sentiment negative
materiality 0.70
EdtechX Holdings Acquisition Corp. II: Nasdaq/NYSE listing notice — EdtechX Holdings receives Nasdaq delisting notice for insufficient publicly held shares
EdtechX Holdings Acquisition Corp. II
- Nasdaq notified EdtechX on June 6, 2023 for non-compliance with Listing Rule 5550(a)(4) requiring minimum 500,000 publicly held shares.
- Company must submit a plan to regain compliance by July 21, 2023; Nasdaq may grant an extension if plan is accepted.
- The notification has no immediate effect on listing of EDTX common stock on Nasdaq.
- There is no assurance the company will be able to regain compliance or satisfy other Nasdaq listing criteria.