Sagaliam Acquisition Corp: Nasdaq/NYSE listing notice — Sagaliam Acquisition Corp. receives Nasdaq delinquency notice for late 2022 10-K

Sagaliam Acquisition Corp

Received Nasdaq notice on April 19, 2023 for failing to timely file Form 10-K for fiscal year ended Dec 31, 2022.
Company has 60 days to submit a plan to regain compliance; extension possible until October 16, 2023 if plan accepted.
Non-compliance due to delayed audit; auditors have not completed work, company expects to file as soon as practicable.
If Nasdaq rejects the plan, the company may appeal to a Nasdaq Hearings Panel.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Sagaliam Acquisition Corp received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: late filing
Rules: 5250(c)(1)

Exact text from the filing

April 19, 2023 due to the Company’s non-compliance with Nasdaq Listing Rule 5250(c)(1) (the “ Rule ”) as a result of the Company’s failure to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2022 (the “ Form 10-K ”). The Rule requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the “ SEC ”). The Notice states that the Company has 60 calendar days to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rules. If Nasdaq accepts the Company’s plan, then Nasdaq may grant the Co

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Source: SEC EDGAR

accession 0001493152-23-013177

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