Zalatoris II Acquisition Corp: Nasdaq/NYSE listing notice — Zalatoris II receives Nasdaq delisting notice for failing public holder rule; intends to appeal

Zalatoris II Acquisition Corp

Received delisting notice from Nasdaq on March 28, 2024 for failing to meet minimum 300 public holders requirement.
Unless appeal by April 4, 2024, securities will be delisted and trading suspended starting April 8, 2024.
Company intends to appeal by requesting a hearing and wiring $20,000 fee to stay the suspension pending decision.
Previously received non-compliance notice on Sep 27, 2023; compliance plan was accepted but company did not regain compliance within 180-day period.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.82

Zalatoris II Acquisition Corp received a nasdaq compliance regained notice regarding late filing (rules 5550(a)(3), 5800).

Exchange: nasdaq
Notice: compliance regained
Deficiency: late filing
Rules: 5550(a)(3), 5800

Exact text from the filing

September 27, 2023, stating that the Company had not complied with the requirements of Nasdaq Listing Rule 5550(a)(3) (the “ Rule ”) for continued listing on Nasdaq. Under the Rule, the Company is required to maintain at least 300 public holders (the “ Public Holder Requirement ”). The Notice indicated that the Company may submit a plan (the “ Compliance Plan ”) to regain compliance with the Rule. If Nasdaq accepted the Compliance Plan, the Company would have up to 180 calendar days (the “ Compliance Period ”) from the date of the Notice to regain compliance. Nasdaq accepted the Compliance Pla

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Source: SEC EDGAR

accession 0001213900-24-029863

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