regulatory
confidence high
sentiment neutral
materiality 0.50
Oak Woods receives Nasdaq deficiency notice for late 10-Q; extends business combination deadline to June 28
Oak Woods Acquisition Corp
- Nasdaq notified OAKU on May 27, 2025 of non-compliance with Listing Rule 5250(c)(1) due to delayed Q1 2025 Form 10-Q filing.
- Company has 60 days to submit a compliance plan; Nasdaq may grant exception until November 17, 2025.
- Third one-month extension deposit of $172,500 made into trust account, extending initial business combination deadline to June 28, 2025.
- Sponsor has timely made all prior monthly deposits; up to six extensions were authorized by shareholders on March 20, 2025.
- Delay in 10-Q filing is not due to auditor disagreement; company expects to file promptly upon completion of audit review.
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