Global Gas Corp (HGAS): Nasdaq/NYSE listing notice — Dune Acquisition receives Nasdaq delisting notice; to close Global Hydrogen deal without listing approval

Global Gas Corp

Nasdaq notified Dune on Dec 18, 2023 of impending suspension/delisting for failing to complete a business combination within 36 months.
Dune will request a hearing to stay delisting pending the hearing.
Business combination with Global Hydrogen expected to close Dec 21, 2023 despite combined company not meeting Nasdaq initial listing standards.
Stockholders redeemed 747,518 shares at ~$10.04/share for aggregate $7,507,824.89.
Combined company intends to promptly work to satisfy all applicable Nasdaq listing standards.

item 3.01 item 8.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Global Gas Corp received a nasdaq delisting notice notice regarding other (rules IM-5101-2).

Exchange: nasdaq
Notice: delisting notice
Rules: IM-5101-2

Exact text from the filing

December 18, 2023, Dune Acquisition Corporation, a Delaware corporation (“Dune”), received a notice (the “Notice”) from the staff of the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, unless Dune timely requests a hearing before the Nasdaq Hearings Panel (the “Panel”), Dune’s securities (common stock, warrants and units) would be subject to suspension and delisting from The Nasdaq Capital Market at the opening of business on December 28, 2023, due to Dune’s non-compliance with Nasdaq IM-5101-2, which requires that a special purpose acquisition comp

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Global Gas Corp filing history →

Source: SEC EDGAR

accession 0001213900-23-097380

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