Latest news with #NasdaqListingRule5250
Business Insider
a day ago
- Business
- Business Insider
Wetouch receives Nasdaq non-compliance notification
Wetouch (WETH) Technology announced that it has received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC, dated May 27, 2025, indicating that the company is not in compliance with Nasdaq Listing Rule 5250(c)(1). This rule requires timely filing of periodic reports with the U.S. Securities and Exchange Commission. The notification was issued because the company has not yet filed its Quarterly Report on Form 10-Q for the period ended March 31, 2025 and the company remains delinquent in filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2024. This delay triggered the non-compliance notice under the continued listing requirements. In accordance with Nasdaq's procedures, the company has until June 20, 2025, to submit to Nasdaq a plan to regain compliance. If Nasdaq accepts the plan, Wetouch may be granted up to 180 calendar days from the original due date of the Form 10-K, or until October 13, 2025, to file the Form 10-K and Form 10-Q and thereby regain compliance. The company intends to file the Form 10-K and Form 10-Q as soon as practicable thereafter, and expects to regain compliance within the allowed timeframe. Confident Investing Starts Here:
Business Insider
2 days ago
- Business
- Business Insider
Oak Woods Acquisition gets Nasdaq notice regarding late 10-Q filing
Oak Woods acquisition (OAKU) announced it received a delinquency notification letter from Nasdaq on May 27. The notice indicated non-compliance with Nasdaq Listing Rule 5250(c)(1) due to the delayed filing of the company's Q1 Form 10-Q. The company has 60 days to submit a plan to regain compliance. If accepted, Nasdaq may grant up to 180 days, or until November 17, to regain compliance. The notification has no immediate effect on listing. Confident Investing Starts Here:
Business Insider
2 days ago
- Business
- Business Insider
9F Inc receives Nasdaq notification regarding late filing of Form 20-F
9F Inc (JFU). announced that it received a notification letter dated May 23, 2025 from the Listing Qualifications Department of The Nasdaq Stock Market Inc., indicating that the company is not in compliance with the requirements for continued listing set forth in Nasdaq Listing Rule 5250(c)(1) since the company did not timely file its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission. The Notification Letter has no immediate effect on the listing of the company's American depositary shares on Nasdaq. Pursuant to the Nasdaq Listing Rules, the company has 60 calendar days from the date of the Notification Letter to submit a plan to regain compliance with Nasdaq Listing Rules. If Nasdaq accepts the Compliance Plan, it may grant the company an extension until November 11, 2025 to regain compliance. The company expects either to file its 2024 Form 20-F or submit the Compliance Plan within the prescribed 60-day period. Confident Investing Starts Here:
Business Insider
2 days ago
- Business
- Business Insider
TechTarget receives non-compliance notification from Nasdaq
TechTarget (TTGT) announced that the company received a notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC on May 27, 2025 notifying the company that it is not in compliance with Nasdaq Listing Rule 5250(c)(1), because the company had not yet timely filed its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2025 or, at the time of receipt of the Notice, its Annual Report on Form 10-K for the fiscal year ended December 31, 2024. The Notice has no immediate effect on the listing or trading of the company's securities on the Nasdaq Global Select Market. The Notice stated that the company has until June 16, 2025 to submit a plan to regain compliance with the Rule with respect to the Form 10-K and the Form 10-Q. If Nasdaq accepts the company's plan to regain compliance, then Nasdaq may grant the company until October 13, 2025 to file the Form 10-K and the Form 10-Q to regain compliance with the Rule. Confident Investing Starts Here:
Business Upturn
2 days ago
- Business
- Business Upturn
Oak Woods Acquisition Corporation Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q
New York, May 30, 2025 (GLOBE NEWSWIRE) — Oak Woods Acquisition Corporation. (Nasdaq: OAKU) (the 'Company') today announced it received a delinquency notification letter from Nasdaq on May 27, 2025, which indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the delayed filing of the Company's Quarterly Report on Form 10-Q for the period ended March 31, 2025 (the 'Quarterly Report'). The Nasdaq Listing Rule requires listed companies to timely file all required periodic financial reports with the U.S. Securities and Exchange Commission (the 'SEC'). This notification has no immediate effect on the listing of the Company's securities on Nasdaq. The Notice states that the Company has 60 calendar days to submit a plan to regain compliance and if the Nasdaq accepts such plan, the Nasdaq can grant an exception of up to 180 calendar days from the Quarterly Report's due date, or until November 17, 2025 (the 'Compliance Date'), to regain compliance. The Notification Letter does not impact the Company's listing on The Nasdaq Capital Market at this time. The Company is currently in the final stages of completing work on its 10-Q for the quarter ended March 31, 2025. While the Company has not yet filed its Quarterly Report on Form 10-Q, it is working diligently with its independent registered public accounting firm to complete the remaining audit procedures. The delay in filing is not due to any disagreement with the Company's auditors and the Company expects to file the Form 10-Q promptly upon completion of the audit review process. About Oak Woods Acquisition Oak Woods Acquisition Corporation is a blank check company organized for the purpose of effecting a merger, capital stock exchange, asset acquisition, or other similar business combination with one or more businesses or entities. On August 11, 2023, Oak Woods Acquisition Corporation, a Cayman Islands corporation (' Oak Woods '), entered into a Merger Agreement and Plan of Reorganization (the ' Merger Agreement ') with Oak Woods Merger Sub, Inc., a Cayman Islands corporation and a wholly owned subsidiary of Oak Woods (' Merger Sub '), Huajin (China) Holdings Limited, a Cayman Islands corporation (' Huajin ') and Xuehong Li, in his capacity as the representative of the Huajin shareholde (' Shareholders' Representative '), as amended by its agreement to extend the date by which a Business Combination is required to be completed to June 28, 2024, dated March 23, 2024, and subsequently by the First Amendment to the Merger Agreement entered into by Oak Woods, Huajin, Merger Sub, and the Shareholders' Representative on June 26, 2024 extending the time to complete its business combination to September 28, 2024. On October 1, 2024 the Company announced that, as approved by the shareholders of the Company at the Extraordinary General Meeting adjourned from September 25, 2024 and held on September 26, 2024 (the 'September EGM'), the following proposals were approved thereby amending the Amended and Restated Articles and Memorandum of Association of the Company to give the Company the right to extend the date by which the Company has to complete a business combination from September 28, 2024 to March 28, 2025, by depositing into the Trust Account $172,500 per for each one-month extension, on or prior to the date of the applicable deadline, for up to six (6) times. On March 26, 2025 the Company announced that, as approved by the shareholders of the Company at the Extraordinary General Meeting held on March 20, 2025 (the 'March EGM'), the following proposals were approved thereby amending the Amended and Restated Articles and memorandum of Association to give the Company the right to extend the date by which the Company has to complete a business combination from March 28, 2025 to September 28, 2025, by depositing into the Trust Account $172,500 per for each one-month extension, on or prior to the date of the applicable deadline, for up to six (6) times. As of May 30, 2025, our Sponsor has timely deposited all prior monthly extension deposits and again deposited $172,500 into our Trust Account, thereby extending the time available to the Company to complete our initial business combination until June 28, 2025. Forward Looking Statements This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward- looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. Contact: Lixin ZhengChief Executive OfficerOak Woods Acquisition Corporation (+1) 403-561-7750
