Newbury Street Acquisition Corporation Announces Receipt Of Nasdaq Letter, Indicating That The Company Was Not In Compliance With Nasdaq Listing Rule 5250(c)(1)

Benzinga · May 4, 2024 06:39

Newbury Street Acquisition Corporation (NASDAQ:NBST, the ", Company", ))))) announced today that it received a letter dated April 24, 2024, from the Listing Qualifications Department The Nasdaq Stock Market LLC, indicating that the Company was not in compliance with Nasdaq listing rule 5250(c)(1), which requires the timely filing of all required periodic financial reports with the Securities and Exchange Commission. The required filing in question is the Company's Annual Report on Form 10-K for the year ended December 31, 2023 (the "Form 10-K").

The delay in filing the Form 10-K is related to the Company requiring additional time to finalize the financial statements for the fiscal year ended December 31, 2023, as referenced in the recent filing of Form 12b-25. The Company expects to file the Form 10-K in the near future.

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Newbury Street Acquisition Corporation Announces Receipt Of Nasdaq Letter, Indicating That The Company Was Not In Compliance With Nasdaq Listing Rule 5250(c)(1)

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