regulatory
confidence high
sentiment negative
materiality 0.75
Edify Acquisition Corp.: Nasdaq/NYSE listing notice — Edify Acquisition Corp. faces Nasdaq delisting over failure to complete SPAC merger within 36 months
Edify Acquisition Corp.
- Received Nasdaq notice on Jan 16, 2024 for non-compliance with IM-5101-2 requiring SPAC business combination within 36 months of IPO.
- Unless hearing requested, securities (EAC, EACPU, EACPW) would be suspended and delisted on Jan 25, 2024.
- Company intends to timely request a hearing to stay suspension and seek additional time to complete a combination.