---
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"
generated_at: "2026-06-12T23:19:20.465312+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sagaliam receives Nasdaq delinquency notice for late Q1 10-Q; appoints three independent directors

## Summary
- 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).

## SEC filing metadata
- accession: 0001493152-23-025926
- form_type: 8-K
- cik: 0001855351
- company_name: Sagaliam Acquisition Corp
- filed_at: 2023-07-28T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01, 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-025926
- JSON: https://secwatch.observer/filing/0001493152-23-025926.json
- Plain text: https://secwatch.observer/filing/0001493152-23-025926.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: 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_url: https://www.sec.gov/Archives/edgar/data/1855351/000149315223025926/0001493152-23-025926-index.htm
- Executive change
  Krystine Miller was appointed as Director at Sagaliam Acquisition Corp.
  - Action: appointed
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1855351/000149315223025926/0001493152-23-025926-index.htm
- Executive change
  Travis Richardson was appointed as Director at Sagaliam Acquisition Corp.
  - Action: appointed
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1855351/000149315223025926/0001493152-23-025926-index.htm
- Executive change
  Ronnie Richardson was appointed as Director at Sagaliam Acquisition Corp.
  - Action: appointed
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1855351/000149315223025926/0001493152-23-025926-index.htm

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