Mountain & Co. I Acquisition Corp. Announces Receipt of Nasdaq Delisting Determination - Intention to Appeal
Mountain - Class A Ordinary Shares (MCAA)
Company Research
Source: PR Newswire
NEW YORK, Sept. 9, 2024 /PRNewswire/ -- Mountain & Co. I Acquisition Corp. (the "Company") announces that on September 3, 2024, the Company received a letter (the "Letter") from the NASDAQ Stock Market ("Nasdaq") notifying the Company that Nasdaq Listing Qualifications Staff ("Staff") have determined to deny the Company's request for continued listing on The Nasdaq Stock Market.On June 5, 2024, Staff notified the Company the Company that it was not in compliance with Nasdaq's Listing Rule 5250(c)(1) (the "Filing Requirement") due to the delay in the filing of the Company's Form 10-Q for the period ended March 31, 2024. On August 2, 2024, The Company submitted a plan (the "Plan") to regain compliance with the Filing Requirement. Subsequently, the Company also failed to timely file its Form 10-Q for the period ended June 30, 2024.Further to the non-compliance with the Filing Requirement, the Letter also cites that due to the resignations of Mr. Miles Gilburne and Dr. Philipp Rösler from
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