regulatory
confidence high
sentiment negative
materiality 0.75
DT Cloud Acquisition gets Nasdaq MVPHS deficiency notice; enters $150K private placement for merger
DT Cloud Acquisition Corp
- Received Nasdaq letter on Sept 25, 2025 for failing to meet $15M minimum Market Value of Publicly Held Shares for 30 consecutive business days.
- Has 180 calendar days (until March 24, 2026) to regain compliance by closing MVPHS at $15M or more for 10 consecutive business days.
- On Sept 29, 2025 entered Subscription Agreement with Maius Pharmaceutical and Pubco for private placement of 15,000 Pubco ordinary shares at $10.00/share ($150,000).
- Private placement is conditioned on consummation of the business combination with Maius Pharmaceutical under the existing Business Combination Agreement.
- Delisting notice has no immediate effect on listing of common stock (DYCQ) on Nasdaq.
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