regulatory
confidence high
sentiment negative
materiality 0.75
VEEA INC. (VEEA): Nasdaq/NYSE listing notice — Plum Acquisition Corp. I receives Nasdaq delisting notice for failure to complete business combination within 36 months
VEEA INC.
- Received Nasdaq notice on March 18, 2024 for failure to meet Listing Rule IM-5101-2 (36-month deadline for SPAC business combination).
- Unless hearing requested, securities will be suspended and delisted from Nasdaq Capital Market on March 27, 2024.
- Company intends to request hearing to appeal and seek time to close proposed business combination with Veea Inc. (announced Dec 1, 2023).
- Hearing request will stay suspension pending Panel decision, but no assurance of continued listing.