regulatory
confidence high
sentiment negative
materiality 0.75
Slam Corp.: Nasdaq/NYSE listing notice — Slam Corp. receives Nasdaq delisting notice for failure to complete SPAC merger within 36 months
Slam Corp.
- Received Nasdaq notice on Feb 26, 2024; trading would be suspended March 6, 2024 if no hearing requested.
- Slam timely requested a hearing before Nasdaq Hearings Panel to stay suspension pending outcome.
- Non-compliance with Nasdaq IM-5101-2: SPAC must complete business combination within 36 months of IPO.
- Slam is pursuing previously announced business combination with Lynk Global, Inc.
- No assurance Slam will regain compliance or maintain listing on Nasdaq.