HWH International Inc. (HWH): Nasdaq/NYSE listing notice — Alset Capital gets Nasdaq delisting notice; only 41,287 publicly held shares vs. 1.1M minimum
HWH International Inc.
Received Nasdaq letter on Aug 9, 2023 for failing to meet minimum publicly held shares of 1,100,000 under Nasdaq Rule 5450(b)(1)(B).
After redemptions, Company will have only 41,287 publicly held Class A common shares.
Must submit compliance plan by August 31, 2023; if accepted, may get up to 180-day extension.
If plan not accepted, Company can appeal Nasdaq's determination.
HWH International Inc. received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(1)(B)).
Exchange
nasdaq
Notice
deficiency notice
Deficiency
market value
Rules
5450(b)(1)(B)
Exact text from the filing
August 9, 2023, Alset Capital Acquisition Corp. (the “Company”) received a letter (the “Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) that, under the Nasdaq Listing Rules (the “Nasdaq Rules”), specifically, Nasdaq Rule 5450(b)(1)(B), “Companies listed on The Nasdaq Global Market are required to maintain a minimum of 1,100,000 publicly held shares for continued listing.” The Company has previously disclosed that based on the number of Class A common shares to be redeemed (unless such redemptions are cancelled) that it would have 41,287 publicly he
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.