OCA Acquisition Corp.: Nasdaq/NYSE listing notice — OCA Acquisition Corp. receives Nasdaq delisting notice for failure to complete business combination within 36 months

OCA Acquisition Corp.

Nasdaq notified OCA on Jan 16, 2024 of non-compliance with IM-5101-2 requiring a SPAC to complete a business combination within 36 months of IPO effectiveness.
Trading of OCA securities on Nasdaq Capital Market would be suspended at open on Jan 25, 2024 unless a hearing was requested; OCA timely requested a hearing.
OCA is pursuing a previously disclosed business combination with Powermers Smart Industries, Inc. (PSI) and will file a Form S-4 registration statement with the SEC.
The hearing request stays suspension or delisting pending the hearing, but there is no assurance OCA can regain compliance or meet other Nasdaq requirements.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.82

OCA Acquisition Corp. received a nasdaq noncompliance notice notice regarding other (rules IM-5101-2).

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

Exact text from the filing

January 25, 2024, due to OCA’s non-compliance with Nasdaq IM-5101-2, which requires that a special purpose acquisition company complete one or more business combinations within 36 months of the effectiveness of its IPO registration statement. OCA has timely requested a hearing before the Panel to request sufficient time to complete OCA’s previously disclosed proposed business combination (the “ Business Combination ”) with Powermers Smart Industries, Inc. (“ PSI ”). The hearing request will result in a stay of any suspension or delisting action pending the hearing. There can be no assurance th

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Source: SEC EDGAR

accession 0001213900-24-004908

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