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. If the Company is unable
to regain compliance by that date, the Company intends to submit a plan to
regain compliance with the Minimum Public Holders Rule within the required
timeframe. If Nasdaq accepts the 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
The Company is monitoring the number of holders of its Class A ordinary shares and will consider options available to it to potentially achieve compliance.
Forward Looking Statements
This Current Report on Form 8-K includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Certain of these forward-looking statements can be identified by the use of words such as "believes," "expects," "intends," "plans," "estimates," "assumes," "may," "should," "will," "seeks," or other similar expressions. Such statements may include, but are not limited to, that there can be no assurance that the Company will regain compliance with the Minimum Public Holders Rule during any compliance period or in the future, or otherwise meet Nasdaq compliance standards, that the Company will be eligible for a second compliance period, or that Nasdaq will grant the Company any relief from delisting as necessary or that the Company can ultimately meet applicable Nasdaq requirements for any such relief. The forward-looking statements contained in this report speak only as of the date of this report and the Company undertakes no obligation to publicly update any forward-looking statements to reflect changes in information, events or circumstances after the date of this report, unless required by law.
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