GREENCITY ACQUISITION CORPORATION Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On
The Notice states that the Company has 45 calendar days to submit a plan to
regain compliance with the Minimum Public Holders Rule. The Company intends to
submit a plan to regain compliance with the Minimum Public Holders Rule within
the required timeframe. If Nasdaq accepts Company's plan, Nasdaq may grant the
Company an extension of up to 180 calendar days from the date of the Notice to
evidence compliance with the Minimum Public Holders Rule. If Nasdaq does not
accept the Company's plan, the Company will have the opportunity to appeal the
decision in front of a
Forward-Looking Statements
The Company makes forward-looking statements in this report within the meaning
of the Private Securities Litigation Reform Act of 1995. These forward-looking
statements relate to expectations or forecasts for future events. These
forward-looking statements are based on information available to us as of the
date of this report, and involve substantial risks and uncertainties. Actual
results may vary materially from those expressed or implied by the
forward-looking statements herein due to a variety of factors, including the
Company's ability to submit a plan of compliance satisfactory to Nasdaq, its
ability to evidence that it has a minimum of 300 public holders, and other risks
and uncertainties set forth in the Company's reports filed with the
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