Distoken Acquisition Corporation Receives Expected Notice from Nasdaq Regarding Delayed Quarterly Filing [Yahoo! Finance]
Distoken Acquisition Corporation - Ordinary Shares (DIST)
Company Research
Source: Yahoo! Finance
notice ("Notice") from the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq") stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Rule") because the Company failed to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 (the "Form 10-Q") with the Securities and Exchange Commission ("SEC"). The Notice has no immediate effect on the listing or trading of the Company's securities on the Nasdaq Global Market. The Company is working diligently to finalize the financial statements and to file the Form 10-Q as soon as practicable. Under Nasdaq rules, the Company has 60 calendar days from the date of the Notice, or until July 29, 2024 , to submit a plan to regain compliance with the Rule. If Nasdaq accepts the Company's plan, then Nasdaq may grant an exception of up to 180 calendar days from the due date of the Form 10-Q, or until November 18, 2024 , to regain compliance. About Distoken Acquisition Corp
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Sec Filings
- 6/5/24 - Form 10-Q
- 6/5/24 - Form 8-K
- DIST's page on the SEC website