regulatory
confidence high
sentiment negative
materiality 0.75
T3 Defense Inc. (DFNS): Nasdaq/NYSE listing notice — Brilliant Acquisition receives Nasdaq delisting notice for failure to complete business combination within 36 months
T3 Defense Inc.
- Nasdaq notified Brilliant on June 27, 2023 that its securities face suspension/delisting on July 7, 2023.
- Non-compliance cited under Nasdaq IM-5101-2 requiring SPAC to complete a business combination within 36 months of IPO effectiveness.
- Company intends to timely request a hearing before the Nasdaq Hearings Panel to stay delisting and seek additional time.