regulatory
confidence high
sentiment negative
materiality 0.75
Quadro Acquisition One Corp.: Nasdaq/NYSE listing notice — Quadro Acquisition One receives Nasdaq delisting notice for SPAC deadline non-compliance
Quadro Acquisition One Corp.
- Nasdaq notified company on Feb 20, 2024 that trading will be suspended Feb 29 unless hearing requested.
- Non-compliance with Nasdaq IM-5101-2: SPAC must complete combination within 36 months of IPO effectiveness.
- Company plans to request hearing to stay suspension and allow time to close Jan 17, 2024 announced business combination.
- No assurance that listing requirements can be regained or maintained after hearing.