Tuesday, November 28, 2023 8:18:39 PM
Sagaliam Acquisition Corp received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC on May 26, 2023. The letter notified the company that for the last 30 consecutive business days prior to the date of the letter, the company’s Market Value of Listed Securities was below the $50 million minimum requirement for continued listing on the Nasdaq Global Market1.
In accordance with Nasdaq Listing Rule 5810 © (3) ©, the company will have 180 calendar days, or until November 22, 2023, to regain compliance with the MVLS Rule1. If the company does not regain compliance by this date, it will receive written notification that its securities are subject to delisting1.
Learn more
1
finance.yahoo.com
2
investing.com
3
globenewswire.com
4
nasdaq.com
5
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