regulatory
confidence high
sentiment negative
materiality 0.75
FAT PROJECTS ACQUISITION CORP: Nasdaq/NYSE listing notice — Fat Projects Acquisition Corp receives Nasdaq delisting notice for insufficient publicly held shares
FAT PROJECTS ACQUISITION CORP
- Nasdaq notified FATP on April 19, 2023 that it had only 485,593 publicly held shares, below the 1,100,000 minimum.
- Company has until June 5, 2023 to submit a plan to regain compliance with Listing Rule 5450(b)(2)(B).
- If plan accepted, Nasdaq may grant up to 180 calendar days from the notice date to evidence compliance.
- The company is exploring all options to address the deficiency and intends to submit a compliance plan.