regulatory
confidence high
sentiment negative
materiality 0.65
Horizon Space Acquisition I receives Nasdaq notice for failure to meet minimum 400 shareholders rule
Horizon Space Acquisition I Corp.
- Received Nasdaq deficiency letter on October 3, 2024 for not meeting Listing Rule 5450(a)(2) minimum total holders.
- Company has 45 days (until November 19, 2024) to submit a compliance plan; possible 180-day extension if plan accepted.
- Submitted application to transfer listing from Nasdaq Global Market to Nasdaq Capital Market.
- Letter is a deficiency notification, not an imminent delisting; trading continues unaffected for now.