---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-013177"
form_type: "8-K"
ticker: null
cik: "0001855351"
company_name: "Sagaliam Acquisition Corp"
filed_at: "2023-04-21T23:59:59+00:00"
generated_at: "2026-06-16T21:43:47.953864+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Sagaliam Acquisition Corp. receives Nasdaq delinquency notice for late 2022 10-K

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-013177
- form_type: 8-K
- cik: 0001855351
- company_name: Sagaliam Acquisition Corp
- filed_at: 2023-04-21T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1855351/000149315223013177/0001493152-23-013177-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1855351/000149315223013177/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-013177
- JSON: https://secwatch.observer/filing/0001493152-23-013177.json
- Plain text: https://secwatch.observer/filing/0001493152-23-013177.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1855351/000149315223013177/0001493152-23-013177-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.