FutureTech II Acquisition Corp. Receives Notification Of Deficiency From Nasdaq
FutureTech II Acquisition Corp. Receives Notification Of Deficiency From Nasdaq
FutureTech II Acquisition Corp. (the "Company") (NASDAQ:FTII), today announced that it received an expected deficiency notification letter from the staff (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") on November 27, 2024 (the "Notice"). The Notice indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of its failure to timely file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2024 (the "Q3 10-Q"), as described more fully in the Company's Form 12b-25 Notification of Late Filing filed with the Securities and Exchange Commission (the "SEC") on November 15, 2024. The Staff also noted that this serves as an additional basis for delisting the Company's securities from Nasdaq and since the Company is already before a Hearings Panel for its failure to comply with the Market Value of Listed Securities requirement of Nasdaq Listing Rule 5420(a)(2) (the "Market Value of Listed Shares Rule"), the Company has until December 4, 2024 to request a stay of the sustention, pending a Hearings Panel decision. In addition, the Staff noted that based on the Company disclosure that 1,564,549 shares were tendered for redemption following the special meeting on November 18, 2024, the Company no longer complies with the minimum 1,100,000 publicly held shares requirement set forth in Listing Rule 5450(b)(2)(B) (the "Publicly Held Shares Rule").
FutureTech II Acquisition corp(以下简称"公司")(纳斯达克:FTII)今天宣布,它收到了纳斯达克股票交易所LLC("纳斯达克")工作人员("工作人员")于2024年11月27日发出的预期不足通知书("通知")。通知指出,由于未能及时提交截至2024年9月30日的第三季度("Q3 10-Q")的季度报告10-Q表格,公司未符合纳斯达克上市规则5250(c)(1)。而更详细地描述在公司提交给美国证券交易委员会("SEC")的关于提前120亿.25申报延期的通知书中。工作人员还指出,这为纳斯达克摘牌公司证券的另一个依据,并且由于公司已因未遵守纳斯达克上市规则5420(a)(2)的上市证券市值要求("上市证券市值规则")而被送达至听证会,公司有截止日期至2024年12月4日要求停止暂停,等待听证会做出决定。此外,工作人员指出,根据公司披露,于2024年11月18日特别股东大会后,有1,564,549股被提出赎回,公司不再符合在上市规则5450(b)(2)(B)规定的最低1,100,000股公开持有股份要求("公开持有股份规则")