regulatory
confidence high
sentiment negative
materiality 0.75
T3 Defense Inc. (DFNS): Nasdaq/NYSE listing notice — Brilliant Acquisition receives second Nasdaq delisting notice; hearing requested to stay suspension
T3 Defense Inc.
- Nasdaq notified Brilliant on June 30, 2023 that its Market Value of Listed Securities fell below $35M, an additional delisting basis.
- Prior June 27 notice cited non-compliance with SPAC business combination rule (IM-5101-2); suspension was set for July 7.
- Brilliant requested a hearing on July 3, 2023, which stays any suspension or delisting action pending the hearing.
- Potential delisting covers all four security classes: units (BRLIU), ordinary shares (BRLI), rights (BRLIR), and warrants (BRLIW).