regulatory
confidence high
sentiment negative
materiality 0.75
FAT PROJECTS ACQUISITION CORP: Nasdaq/NYSE listing notice — Fat Projects Acquisition Corp faces Nasdaq delisting over insufficient public float
FAT PROJECTS ACQUISITION CORP
- Received Nasdaq notice on Oct 17, 2023 for noncompliance with minimum 1.1M publicly held shares rule.
- Failed to regain compliance by October 16, 2023 deadline; delisting scheduled for Oct 26, 2023.
- Intends to timely appeal to Nasdaq hearing panel, which will stay suspension pending decision.
- Delisting applies to all securities: units (FATPU), ordinary shares (FATP), warrants (FATPW).