Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On May 23, 2023, Fintech Ecosystem Development Corp. (the "Company") received a
notice from the Staff of the Listing Qualifications Department of the Nasdaq
Stock Market LLC, stating that the Company is not in compliance with the
continued listing standards of Nasdaq Capital Markets (the "Exchange") under the
timely filing criteria included in Listing Rule 5250(c)(1) because the Company
failed to timely file with the Securities and Exchange Commission (the "SEC")
its Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 (the
"Form 10-Q"). Reference is made to the Company's Notification of Late Filing on
Form 12b-25 (filed with the SEC on May 15, 2023), which describes the
circumstances leading to the late filing of the Form 10-Q.
On May 24, 2023, the Company filed the Form 10-Q to cure the delinquency.
Item 7.01 Regulation FD Disclosure.
On May 25, 2023, the Company issued a press release announcing the foregoing.
The press release is furnished herewith as Exhibit 99.1 and incorporated by
reference herein.
The foregoing (including the information presented in Exhibit 99.1) is being
furnished pursuant to Item 7.01 and will not be deemed to be filed for purposes
of Section 18 of the Exchange Act, or otherwise be subject to the liabilities of
that section, nor will it be deemed to be incorporated by reference in any
filing under the Securities Act or the Exchange Act.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
99.1 Press Release dated May 25, 2023 (furnished only).
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses