FutureTech II Acquisition Corp. Receives Notification Of Deficiency From Nasdaq
FutureTech II Acquisition Corp. Receives Notification Of Deficiency From Nasdaq
FutureTech II Acquisition Corp. (the "Company") (NASDAQ:FTII), today announced that it received an expected deficiency notification letter from the staff (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") on November 27, 2024 (the "Notice"). The Notice indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of its failure to timely file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2024 (the "Q3 10-Q"), as described more fully in the Company's Form 12b-25 Notification of Late Filing filed with the Securities and Exchange Commission (the "SEC") on November 15, 2024. The Staff also noted that this serves as an additional basis for delisting the Company's securities from Nasdaq and since the Company is already before a Hearings Panel for its failure to comply with the Market Value of Listed Securities requirement of Nasdaq Listing Rule 5420(a)(2) (the "Market Value of Listed Shares Rule"), the Company has until December 4, 2024 to request a stay of the sustention, pending a Hearings Panel decision. In addition, the Staff noted that based on the Company disclosure that 1,564,549 shares were tendered for redemption following the special meeting on November 18, 2024, the Company no longer complies with the minimum 1,100,000 publicly held shares requirement set forth in Listing Rule 5450(b)(2)(B) (the "Publicly Held Shares Rule").
FutureTech II Acquisition Corp.（"公司"）（納斯達克：FTII）今天宣佈，在2024年11月27日收到了納斯達克證券市場有限責任公司（"納斯達克"）員工（"員工"）發出的預期缺陷通知函（"通知"）。通知指出，由於未能及時提交截至2024年9月30日的季度報告10-Q（"Q3 10-Q"），公司未能遵守納斯達克上市規則5250(c)(1)，這一點在公司於2024年11月15日向證券交易委員會（"SEC"）提交的120億.25延遲提交通知中有更詳細的說明。員工還指出，這成爲將公司證券從納斯達克除牌的另一依據，並且由於公司已經因未能遵守納斯達克上市規則5420(a)(2)的上市證券市場價值要求（"上市股份市場價值規則"）而面臨聽證小組的審理，公司必須在2024年12月4日之前請求暫停該項決議，待聽證小組做出決定。此外，員工提到，基於公司披露的在2024年11月18日的特別會議後，1,564,549股被申請贖回，公司不再符合上市規則5450(b)(2)(B)中規定的最低1,100,000股公開持有股份的要求（"公開持有股份規則"）。
譯文內容由第三人軟體翻譯。
