Embrace Change Acquisition Corp. Receives Delisting Notice from Nasdaq and Plans to Request Hearing
Embrace Change Acquisition Corp - Units (EMCGU)
Company Research
Source: GlobeNewswire
SAN DIEGO, June 25, 2024 (GLOBE NEWSWIRE) -- Embrace Change Acquisition Corp. (the "Company") (NASDAQ: EMCG), a special purpose acquisition company, today announced that on June 24, 2024, it received a Staff Delisting Determination (the "Staff Determination") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company of its noncompliance with Nasdaq's continued listing requirements and that unless appealed and their determination reversed, the Company’s securities will be delisted from Nasdaq. The Staff Determination was issued due to the Company's failure to comply with the following Nasdaq’s continued listing requirements: 1. Listing Rule 5450(a)(2), which requires a minimum of 400 total shareholders;2. Listing Rule 5250(c)(1), due to the Company's failure to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and its Quarterly Report on Form 10-Q for the period ended March 31, 2024. According
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