regulatory
confidence high
sentiment negative
materiality 0.90
Insight Acquisition Corp. faces Nasdaq delisting after missing SPAC business combination deadline
ALPHA MODUS HOLDINGS, INC.
- Nasdaq notified on Sept 27, 2024 that company failed to complete a business combination within 36 months of IPO effective date (Sept 1, 2021).
- Unless appeal requested by Oct 4, 2024, trading suspended at open on Oct 8, 2024 and Form 25-NSE filed.
- Company plans to appeal the Nasdaq delisting determination.
- IPO registration effective Sept 1, 2021; deadline for initial business combination was Sept 1, 2024.