AlphaTime Acquisition Corp. Faces Potential Nasdaq Delisting Due to Non-Compliance with Minimum Public Holders Rule

Reuters
07 Jun
AlphaTime Acquisition Corp. Faces Potential Nasdaq Delisting Due to Non-Compliance with Minimum Public Holders Rule

AlphaTime Acquisition Corp. faces potential delisting from the Nasdaq Stock Market due to non-compliance with the Nasdaq Listing Rule 5450(a)(2), which requires a minimum of 400 public holders. Despite submitting a compliance plan and receiving an extension until May 28, 2025, the company failed to meet the requirement. As a result, Nasdaq has scheduled the company's securities for delisting, with trading suspension set for June 12, 2025. AlphaTime intends to appeal this decision by requesting a hearing with the Nasdaq Hearings Panel. There is no guarantee the appeal will be successful or that the company will meet the listing requirements in the future.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AlphaTime Acquisition Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-014077), on June 06, 2025, and is solely responsible for the information contained therein.

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