regulatory
confidence high
sentiment negative
materiality 0.75
Moringa Acquisition Corp: Nasdaq/NYSE listing notice — Moringa Acquisition Corp receives Nasdaq delisting notice for failure to complete business combination within 36 months
Moringa Acquisition Corp
- Received delisting notice on Feb 20, 2024; trading would be suspended Feb 29 unless hearing requested.
- Non-compliance with Nasdaq IM-5101-2 requiring SPAC business combination within 36 months of IPO.
- Company will request hearing to stay suspension pending completion of proposed combination with Silexion Therapeutics.
- No assurance Nasdaq will grant relief or that business combination will be completed.