Pearl Holdings Acquisition Corp: Nasdaq/NYSE listing notice — Pearl Holdings delisted by Nasdaq for failing to complete business combination by Dec 14

Pearl Holdings Acquisition Corp

Nasdaq notified SPAC on Dec 16, 2024 that it failed to complete a merger within 36-month deadline under IM 5101-2.
Trading in PRLH, PRLHU, and PRLHW suspended on Dec 23, 2024; Nasdaq to file Form 25-NSE for full delisting.
Company will not appeal the delisting determination.
Securities may trade OTC, but the company warns of reduced liquidity, penny stock risk, and financing hurdles.
Delisting materially impedes ability to consummate a business combination and raises regulatory costs.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Pearl Holdings Acquisition Corp received a nasdaq delisting notice notice regarding other (rules IM-5101-2).

Exchange: nasdaq
Notice: delisting notice
Rules: IM-5101-2

Exact text from the filing

ities and Exchange Commission, which will remove the Securities from listing and registration on Nasdaq. Pursuant to Nasdaq’s procedures, the Company may appeal the Staff’s determination. However, the Staff may only reverse its delisting determination if it finds it made a factual error in applying Rule 5101-2 and that the Company never failed to satisfy the requirement set forth in Rule 5101-2. The Company does not intend to exercise its right to appeal. Some or all of the Securities may be quoted on an over-the-counter market following the suspension of trading on The Nasdaq Global Market an

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Source: SEC EDGAR

accession 0001829126-24-008505

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