regulatory
confidence high
sentiment negative
materiality 0.85
Edoc Acquisition Corp.: Nasdaq/NYSE listing notice — Edoc Acquisition Corp. receives Nasdaq delisting notice for failure to complete business combination within 36 months
Edoc Acquisition Corp.
- Nasdaq notified on Nov 10, 2023 that Edoc violated IM-5101-2 (36-month deadline for SPAC business combination).
- Company also remains non-compliant with Nasdaq Listing Rule 5550(a)(3) (minimum 300 public holders).
- Securities face suspension/delisting on Nov 21, 2023 unless a hearing is timely requested.
- Edoc intends to request a hearing before the Nasdaq Hearings Panel to appeal the delisting determination.
- No assurance that the Panel will grant continued listing on The Nasdaq Capital Market.