Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On January 9, 2023, Brilliant Acquisition Corporation ("Company") received a
written notice (the "Notice") from the Nasdaq Listing Qualifications Department
of The Nasdaq Stock Market ("Nasdaq") notifying the Company that the Company is
not in compliance with Nasdaq Listing Rule 5620(a) (the "Annual Meeting Rule")
which requires the Company to hold an annual meeting of shareholders within
twelve months of the end of the Company's fiscal year end. The Notice is only a
notification of deficiency, not of imminent delisting, and has no current effect
on the listing or trading of the Company's securities on Nasdaq Capital Market.
The Notice states that the Company has 45 calendar days to submit a plan to
regain compliance with the Annual Meeting Rule. If the Company is unable to
regain compliance by that date, the Company intends to submit a plan to regain
compliance with the Annual Meeting Rule within the required timeframe. If Nasdaq
accepts Company's plan, Nasdaq may grant the Company an extension of up to 180
calendar days from the fiscal year end, or until June 29, 2023, to regain
compliance. If Nasdaq does not accept the Company's plan, the Company will have
the opportunity to appeal the decision in front of a Nasdaq Hearings Panel.
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