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Subsequent Events
9 Months Ended
Sep. 30, 2024
Subsequent Events  
Subsequent Events

Note 9 — Subsequent Events

 

The Company evaluated subsequent events and transactions that occurred up to the date financial statements were issued. Based upon this review, the Company did not identify any other subsequent events, not previously disclosed, that would have required adjustment or disclosure in the financial statements, except described below.

 

On August 13, 2024, the Company received a determination letter (the "Delisting Notification") from Nasdaq stating that the Nasdaq Hearings Panel had determined to delist the Company’s securities from Nasdaq due to the Company's non-compliance with the Minimum Publicly Held Shares Requirement and Nasdaq’s IM-5101-2, which requires that a special purpose acquisition company complete one or more business combinations within 36 months of the effectiveness of its IPO registration statement. Nasdaq removed the Company’s securities from listing, effective at the opening of business on August 14, 2024, as the Company did not demonstrate compliance with the continued listing requirements.

 

On October 15, 2024, Nasdaq filed Form 25 with the SEC, formally removing the Company’s securities from listing and registration on Nasdaq. This filing completes the delisting process.

 

Pursuant to the Delisting Notification, the Company had a period of 15 days from the date of the Delisting Notification to submit a written request for a review of the Nasdaq Hearings Panel’s delisting determination by the Nasdaq Listing and Hearing Review Council (the “Listing Council”). However, the Company did not pursue an appeal, and the delisting proceeded as scheduled.