regulatory
confidence high
sentiment negative
materiality 0.85
ATLANTIC INTERNATIONAL CORP. (ATLN): Nasdaq/NYSE listing notice — SeqLL receives Nasdaq delisting notice effective Nov 13 for non-compliance with public share rule
ATLANTIC INTERNATIONAL CORP.
- Nasdaq notified on Nov 10, 2023 that Panel determined to delist securities; trading suspended Nov 13.
- Reason: failure to maintain minimum 500,000 publicly held shares (Nasdaq Listing Rule 5550(a)(4)).
- Company appealed and paid fee; hearing date not yet set.
- Intends to cure deficiency via merger with Atlantic Acquisition Corp and public offering, then relist on Nasdaq.