regulatory
confidence high
sentiment negative
materiality 0.50
Metal Sky Star receives Nasdaq notice for insufficient public holders (minimum 400 rule)
Metal Sky Star Acquisition Corp
- Received Nasdaq notice on July 12, 2024 for non-compliance with Minimum Public Holders Rule requiring at least 400 public holders.
- Company has 45 calendar days to submit a plan to regain compliance; Nasdaq may grant up to 180-day extension.
- Notice has no immediate effect on listing or trading; securities continue to trade on Nasdaq Global Market.
- Company intends to submit a compliance plan within the required timeframe.