Aquaron Acquisition Corp.: Nasdaq/NYSE listing notice — Aquaron Acquisition receives Nasdaq deficiency notice for minimum public holders rule

Aquaron Acquisition Corp.

Nasdaq notified Aquaron on Feb 28, 2024, that it fails to meet Listing Rule 5550(a)(3) requiring at least 300 public holders.
The deficiency notice does not trigger immediate delisting; company has 45 days to submit a compliance plan.
If Nasdaq accepts the plan, an extension of up to 180 calendar days may be granted to regain compliance.
If the plan is rejected, the company can appeal to the Nasdaq Hearings Panel.
Company is monitoring public holder count and evaluating options to achieve compliance.

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 1.0

Aquaron Acquisition Corp. received a nasdaq deficiency notice notice regarding other (rules 5550(a)(3)).

Exchange: nasdaq
Notice: deficiency notice
Rules: 5550(a)(3)

Exact text from the filing

February 28, 2024, Aquaron Acquisition Corp. (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company that it currently does not satisfy Listing Rule 5550(a)(3), which requires the Company to have at least 300 public holders (as defined in Listing Rule 5005(a)(36)) for continued listing on the Nasdaq Capital Market (the “Minimum Public Holders Rule”). The Notice is a notification of deficiency, not of imminent delisting, and has no immediate effect on the listing or trading of t

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Source: SEC EDGAR

accession 0001213900-24-019001

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