Sagaliam Acquisition Corp. Announces Receipt Of Nasdaq Listing Delinquency Letter
Sagaliam Acquisition Corp. Announces Receipt Of Nasdaq Listing Delinquency Letter
Sagaliam Acquisition Corp. (NASDAQ: "SAGAU", "SAGA", "SAGAR") ("we", "us", "our", or the "Company") announced today that it received a delinquency notification letter ("Notice") from the Listing Qualifications staff of the Nasdaq Stock Market LLC ("Nasdaq") on April 19, 2023 due to the Company's non-compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the Company's failure to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2022 (the "Form 10-K"). Nasdaq Listing Rule 5250(c)(1) requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the "SEC").
Sagaliam Acquisition Corp.（纳斯达克股票代码：“SAGAU”、“SAGA”、“SAGAR”）（“我们”、“我们的” 或 “公司”）今天宣布，由于公司不遵守纳斯达克上市规则 5250 (c) (1)，它于 2023 年 4 月 19 日收到了纳斯达克股票市场有限责任公司（“纳斯达克”）上市资格工作人员的拖欠通知信（“通知”））是由于公司未能及时提交截至2022年12月31日财年的10-K表年度报告（“10-K表格”）。纳斯达克上市规则5250（c）（1）要求上市公司及时向证券交易委员会（“SEC”）提交所有必需的定期财务报告。
The Notice states that the Company has 60 calendar days to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rules. If Nasdaq accepts the Company's plan, then Nasdaq may grant the Company up to 180 calendar days from the prescribed due date for filing the Form 10-K or until October 16, 2023, to regain compliance. If Nasdaq does not accept the Company's plan, then the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel.
该通知指出，公司有60个日历日向纳斯达克提交恢复遵守纳斯达克上市规则的计划。如果纳斯达克接受公司的计划，那么纳斯达克可能会在规定的提交10-K表格的截止日期或2023年10月16日之前给予公司最多180个日历日以恢复合规。如果纳斯达克不接受公司的计划，那么公司将有机会向纳斯达克听证会小组对该决定提出上诉。
As previously disclosed, the Company requires additional time to prepare, review and finalize its financial statements, and its auditors have not completed their audit of the financial statements. The Company is continuing in its efforts to file the Form 10-K as soon as reasonably practicable.
正如先前披露的那样，该公司需要更多时间来编制、审查和完成其财务报表，其审计师尚未完成对财务报表的审计。公司将继续努力在合理可行的情况下尽快提交10-K表格。
This announcement is made in compliance with Nasdaq Listing Rule 5250(b)(2).
本公告是根据纳斯达克上市规则5250（b）（2）发布的。
译文内容由第三方软件翻译。