secwatch.observer — SEC 8-K summary
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Issuer:     Sagaliam Acquisition Corp (—)
CIK:        0001855351
Form:       8-K
Filed at:   2023-04-21T23:59:59+00:00
Accession:  0001493152-23-013177
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855351/000149315223013177/0001493152-23-013177-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855351/000149315223013177/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-013177

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