Avalon Acquisition Inc.: Nasdaq/NYSE listing notice — Nasdaq warns Avalon Acquisition for missing annual meeting; 45-day plan deadline

Avalon Acquisition Inc.

Received Nasdaq deficiency notice for failing to hold annual meeting within 12 months of FYE 12/31/2021.
Has until Feb 27, 2023 to submit a compliance plan to Nasdaq.
If plan accepted, Nasdaq may grant up to 180 days, until June 29, 2023, to regain compliance.
Securities continue trading on Nasdaq while plan is pending.
Company intends to submit a compliance plan within the specified period.

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 0.95

Avalon Acquisition Inc. received a nasdaq deficiency notice notice regarding other (rules 5620(a), 5810(c)(2)(G)).

Exchange: nasdaq
Notice: deficiency notice
Rules: 5620(a), 5810(c)(2)(G)

Exact text from the filing

January 11, 2023, Avalon Acquisition Inc. (the “Company”) received a notice from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) stating that the Company failed to hold an annual meeting of stockholders within 12 months after its fiscal year ended December 31, 2021, as required by Nasdaq Listing Rule 5620(a). In accordance with Nasdaq Listing Rule 5810(c)(2)(G), the Company has 45 calendar days (or until February 27, 2023) to submit a plan to regain compliance and, if Nasdaq accepts the plan, Nasdaq may grant the Company up to 180 calendar days from its fiscal year

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Source: SEC EDGAR

accession 0001731122-23-000061

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