regulatory
confidence high
sentiment negative
materiality 0.80
AlphaTime Acquisition Corp receives Nasdaq delisting notice for failure to meet minimum public holders rule
ALPHATIME ACQUISITION CORP
- Nasdaq notified AlphaTime on June 3, 2025 that it failed to regain compliance with the 400 total holders requirement by May 28 extension deadline.
- Trading of ATMC ordinary shares, units, warrants and rights will be suspended at open on June 12, 2025 unless Company appeals by June 10.
- Company intends to appeal to Nasdaq Hearings Panel to stay suspension and delisting, but no assurance of success.
- Securities affected: ordinary shares (ATMC), units (ATMCU), warrants (ATMCW), rights (ATMCR).
item 3.01