Inactive Instrument

Worldwide Webb Acquisition Corp.

Equities

WWAC

KYG977751034

WORLDWIDE WEBB ACQUISITION CORP. : Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing (form 8-K)

May 18, 2023 at 06:03 am

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or

Standard; Transfer of Listing.

On May 12, 2023, Worldwide Webb Acquisition Corp. (the "Company") received approval from The Nasdaq Stock Market LLC ("Nasdaq") to transfer its listing of its Class A ordinary shares, units and warrants from The Nasdaq Global Market to The Nasdaq Capital Market.

The Company's Class A ordinary shares, warrants and units will continue to trade under the symbols "WWAC," "WWACW," and "WWACU", respectively, and trading of its Class A ordinary shares, warrants and units will be unaffected by this transfer. This transfer will be effective as of the opening of business on May 22, 2023.

The Nasdaq Capital Market is a continuous trading market that operates in substantially the same manner as The Nasdaq Global Market.

On May 12, 2023, the Company also received a letter (the "Notice") from the Listing Qualifications department of Nasdaq notifying the Company that the Company no longer meets the minimum of 300 public holders required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(3) (the "Public Holder Standard"). The Notice states that the Company has until June 26, 2023 to provide Nasdaq with a definitive plan to achieve and sustain compliance with all The Nasdaq Capital Market listing requirements, including the time frame for completion of this plan.

The Notice is only a notification of deficiency, not of imminent delisting, and has no immediate effect on the listing or trading of the Company's securities on The Nasdaq Capital Market.

The Company intends to provide Nasdaq with the Company's definitive plan to meet the Public Holder Standard within the required timeframe and will evaluate available options to regain compliance with the Nasdaq continued listing standards, including potential arrangements to be made in connection with the Company's business combination agreement with WWAC Amalgamation Sub Pte. Ltd., a Singapore private company limited by shares and a direct wholly-owned Subsidiary of the Company, and Aark Singapore Pte. Ltd., a Singapore private company limited by shares, originally announced by the Company on March 13, 2023. 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.

The Company, by filing this Current Report Form 8-K, discloses its receipt of the Notice in accordance with Nasdaq Listing Rule 5810(b).

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Latest news about Worldwide Webb Acquisition Corp.

Worldwide Webb Acquisition Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	11-14	CI
Worldwide Webb Acquisition Corp. Appoints Daniel Webb as Chief Investment Officer	11-07	CI
Worldwide Webb Acquisition Corp.(NasdaqCM:WWAC) dropped from NASDAQ Composite Index	11-07	CI
Worldwide Webb Acquisition Corp. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-15	CI
Worldwide Webb Acquisition Enters Into $5 Million Subscription Agreement in Private Placement	23-06-05	MT
Worldwide Webb Acquisition Corp. announced that it has received $5.000001 million in funding	23-06-04	CI
Worldwide Webb Acquisition Corp. announced that it expects to receive $5.000001 million in funding	23-05-31	CI
Worldwide Webb Acquisition Corp. Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-22	CI
Worldwide Webb Acquisition Corp. Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-31	CI
Worldwide Webb Acquisition Corp. Auditor Raises 'Going Concern' Doubt	23-03-30	CI
Worldwide Webb Acquisition to Take Aeries Technology Public Via SPAC Merger	23-03-13	MT
Worldwide Webb Acquisition Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-11-22	CI
Worldwide Webb Acquisition Corp. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	22-08-23	CI
Worldwide Webb Acquisition Corp. Reports Earnings Results for the First Quarter Ended March 31, 2022	22-05-16	CI
Certain Class B Common Stock of Worldwide Webb Acquisition Corp. are subject to a Lock-Up Agreement Ending on 18-APR-2022.	22-04-17	CI
Worldwide Webb Acquisition Corp. Reports Earnings Results for the Eleven Months Ended December 31, 2021	22-04-01	CI
Worldwide Webb Acquisition Corp. Auditor Raises 'Going Concern' Doubt	22-03-31	CI
Worldwide Webb Acquisition Corp.(NasdaqGM:WWAC) added to NASDAQ Composite Index	21-12-20	CI
Worldwide Webb Acquisition Corp. has completed an IPO in the amount of $200 million.	21-10-19	CI
Worldwide Webb Acquisition Corp. has filed an IPO in the amount of $200 million.	21-09-24	CI

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Aeries Technology, Inc. is a global professional and management services company. The Company is engaged in offering a range of management consultancy services for private equity sponsors and their portfolio companies with engagement models. Its management consultancy services involves professional advisory services and operations management services to build and manage dedicated delivery centers in appropriate locations based on customer business needs. Its Advisory service to customers involves active participation of senior leadership recommending strategies, best practices as it relates to operating model design, right approach, consultation on various areas, market availability for resources with appropriate skillsets required for specific roles contemplated in the service model, regulations to be complied with, and optimization of tax structure.

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