regulatory
confidence high
sentiment negative
materiality 0.55
Oak Woods Acquisition Corp: Nasdaq/NYSE listing notice — Oak Woods receives Nasdaq deficiency notice for late 10-K; extends SPAC deadline to May 28
Oak Woods Acquisition Corp
- Nasdaq notified OAKU on Apr 24, 2025 for non-compliance with Listing Rule 5250(c)(1) due to delayed FY2024 10-K filing.
- Company has 60 days to submit a compliance plan; Nasdaq can grant up to 180-day extension to Oct 13, 2025.
- Audit is in final stages; delay is not due to auditor disagreement and OAKU expects to file 10-K promptly.
- Sponsor deposited $172,500 into Trust on Apr 28 to extend business combination deadline to May 28, 2025 (second of six permitted one-month extensions).