Fortune Rise Acquisition Corp: Nasdaq/NYSE listing notice — Fortune Rise receives Nasdaq delisting notice for unpaid fees; hearing May 30

Fortune Rise Acquisition Corp

Received Nasdaq notice for failing to pay certain fees (Fee Payment Rule 5250(f)).
Non-compliance adds to previous failure to meet Total Holders Rule (5450(a)(2)).
Hearing before Nasdaq Panel on May 30, 2024, will consider both issues.
Delisting is stayed pending Panel decision; trading of FRLA, FRLAU, FRLAW continues.
No assurance of continued listing; company may face delisting if Panel denies request.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.98

Fortune Rise Acquisition Corp received a nasdaq delisting notice notice regarding late filing (rules 5250(f)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: late filing
Rules: 5250(f)

Exact text from the filing

April 24, 2024, the Company received an additional notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company is not in compliance with Nasdaq Listing Rule 5250(f) (the “Fee Payment Rule”) because it has not paid certain fees to Nasdaq, which serves as an additional basis for delisting the Company’s securities from the Nasdaq Capital Market. The failure to comply with the Fee Payment Rule will also be considered by the Panel at the Hearing. The suspension of the Company’s securities and the termination of registration of

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Source: SEC EDGAR

accession 0001683168-24-002815

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