regulatory
confidence high
sentiment negative
materiality 0.85
Plum Acquisition Corp. III faces Nasdaq delisting for failing to complete business combination within 36 months
Plum Acquisition Corp. III
- Received Nasdaq notice on July 30, 2024 for non-compliance with Listing Rule IM-5101-2.
- Securities subject to suspension and delisting on August 6, 2024 unless a hearing is requested.
- Company intends to timely request a hearing before Nasdaq Hearings Panel to appeal.
- Hearing request will stay suspension; no assurance of continued listing.
- SPAC has not completed initial business combination within required 36-month period.