Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On
The Notice states that the Company has 14 calendar days from the date of the
Notice to submit a plan to regain compliance with the Nasdaq Listing Rules. The
Company intends to submit a compliance plan within the specified period and take
all reasonable measures available to regain compliance under the Nasdaq Listing
Rules. If Nasdaq accepts the compliance plan, the Company will be granted an
extension of time to regain compliance with the Nasdaq Listing Rules. If Nasdaq
does not accept the compliance plan, the Company will have the opportunity to
appeal the decision to the
The Letter has no immediate effect on the listing of the Company's units, Class A ordinary shares or warrants on the Nasdaq Global Market while the Company prepares and submits a compliance plan.
There can be no assurance that the compliance plan will be accepted by Nasdaq or that the Company will be able to regain compliance with the minimum requirements under the Nasdaq Listing Rules or will otherwise be in compliance with other Nasdaq listing criteria.
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