{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-025926","form_type":"8-K","ticker":null,"cik":"0001855351","company_name":"Sagaliam Acquisition Corp","filed_at":"2023-07-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.802615+00:00","generated_at":"2026-06-12T23:19:20.465312+00:00","sec_items":["3.01","5.02","9.01"],"event_type":"regulatory","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Sagaliam receives Nasdaq delinquency notice for late Q1 10-Q; appoints three independent directors","bullets":["Received Nasdaq delinquency notice July 25, 2023 due to failure to timely file Q1 2023 Form 10-Q; 60 days to submit compliance plan.","If plan accepted, Nasdaq may grant up to 180 days from due date (Nov 20, 2023) to regain compliance; otherwise may appeal.","Appointed Ronnie Richardson, Krystine Miller, and Travis Richardson as independent directors, effective July 28, 2023.","All three serve on audit committee (Miller chairs); Miller and Travis Richardson serve on compensation committee (Travis Richardson chairs)."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-025926","json":"https://secwatch.observer/filing/0001493152-23-025926.json","markdown":"https://secwatch.observer/filing/0001493152-23-025926.md","text":"https://secwatch.observer/filing/0001493152-23-025926.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1855351/000149315223025926/0001493152-23-025926-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1855351/000149315223025926/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T23:19:20.465312+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"05773c4c865c1cc86a3fd29a21e25e5a7910ea44","claim":"Sagaliam Acquisition Corp received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).","evidence_excerpt":"July 25, 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 Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2023 (the “ Form 10-Q ”). 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","evidence_source":"SEC 8-K Item 3.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1855351/000149315223025926/0001493152-23-025926-index.htm","confidence":0.9,"family_label":"Listing & Compliance Notices","details":[{"label":"Exchange","value":"nasdaq"},{"label":"Notice","value":"deficiency notice"},{"label":"Deficiency","value":"late filing"},{"label":"Rules","value":"5250(c)(1)"}],"fact_type":"exchange_compliance_notice"},{"claim_id":"4e17e6fcf8","claim":"Krystine Miller was appointed as Director at Sagaliam Acquisition Corp.","evidence_excerpt":"On July 28, 2023, the Board of Directors of Sagaliam Acquisitions Corp. (the “Company”) appointed Ronnie Richardson, Krystine Miller, and Travis Richardson as new members of the Board of Directors.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1855351/000149315223025926/0001493152-23-025926-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"9d4abb8bb5","claim":"Travis Richardson was appointed as Director at Sagaliam Acquisition Corp.","evidence_excerpt":"On July 28, 2023, the Board of Directors of Sagaliam Acquisitions Corp. (the “Company”) appointed Ronnie Richardson, Krystine Miller, and Travis Richardson as new members of the Board of Directors.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1855351/000149315223025926/0001493152-23-025926-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"e53c400bd6","claim":"Ronnie Richardson was appointed as Director at Sagaliam Acquisition Corp.","evidence_excerpt":"On July 28, 2023, the Board of Directors of Sagaliam Acquisitions Corp. (the “Company”) appointed Ronnie Richardson, Krystine Miller, and Travis Richardson as new members of the Board of Directors.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1855351/000149315223025926/0001493152-23-025926-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}