0001104659-23-091737.txt : 20230815 0001104659-23-091737.hdr.sgml : 20230815 20230815090650 ACCESSION NUMBER: 0001104659-23-091737 CONFORMED SUBMISSION TYPE: 425 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20230815 DATE AS OF CHANGE: 20230815 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Liberty Resources Acquisition Corp. CENTRAL INDEX KEY: 0001880151 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 863485220 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 425 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40883 FILM NUMBER: 231173376 BUSINESS ADDRESS: STREET 1: 78 SW 7TH STREET STREET 2: SUITE 500 CITY: MIAMI STATE: FL ZIP: 33130 BUSINESS PHONE: 60163330323 MAIL ADDRESS: STREET 1: 78 SW 7TH STREET STREET 2: SUITE 500 CITY: MIAMI STATE: FL ZIP: 33130 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Liberty Resources Acquisition Corp. CENTRAL INDEX KEY: 0001880151 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 863485220 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 425 BUSINESS ADDRESS: STREET 1: 78 SW 7TH STREET STREET 2: SUITE 500 CITY: MIAMI STATE: FL ZIP: 33130 BUSINESS PHONE: 60163330323 MAIL ADDRESS: STREET 1: 78 SW 7TH STREET STREET 2: SUITE 500 CITY: MIAMI STATE: FL ZIP: 33130 425 1 tm2323796d1_8k.htm 425

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): August 14, 2023

 

Liberty Resources Acquisition Corp.

(Exact name of registrant as specified in its charter)

 

Delaware   001-40883   86-3485220
(State of other jurisdiction
of incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)

 

10 East 53rd St.

Suite 3001

New York, New York 10022

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code 1-305-809-7217

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

x Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Each Class   Trading
Symbol(s)
  Name of Each Exchange on
Which Registered
Units, each consisting of one share of Class A Common Stock and one Redeemable Warrant   LIBYU   The Nasdaq Stock Market LLC
Class A Common Stock, $0.0001 par value per share   LIBY   The Nasdaq Stock Market LLC
Redeemable Warrants, each exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share   LIBYW   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company x

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

Item 3.01Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

 

As previously announced, Liberty Resources Acquisition Corp., a Delaware corporation (the “Company”), received a written notice (the “Public Float Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) on June 15, 2023 notifying the Company that it no longer met the minimum 1,100,000 publicly held shares required for continued listing on Nasdaq pursuant to Nasdaq Listing Rule 5450(b)(1)(B) (the “Public Float Standard”) and providing the Company 45 calendar days to submit a plan to regain compliance.

 

The Company submitted a compliance plan for the Public Float Standard (the “Compliance Plan”) on July 28, 2023. On August 14, 2023, Nasdaq sent to the Company written notice confirming Nasdaq’s grant to the Company of an extension to regain compliance with Listing Rule 5450(b)(2)(B). On or before December 12, 2023 (the “Deadline”), the Company must file with the Securities and Exchange Commission (the “SEC”) and submit to Nasdaq a document containing the Company’s current total shares outstanding and a beneficial ownership table in accordance with the SEC proxy rules that also reflects the compliance with the Public Float Standard. If the Company does not satisfy the terms of the Compliance Plan by the Deadline, Nasdaq will notify the Company that its securities will be delisted, subject to appeal.

 

As previously announced, the Public Float Notice serves only as a notification of deficiency and not of imminent delisting, and it has no immediate effect on the listing or trading of the Company’s securities on Nasdaq. While the Company is exercising diligent efforts to maintain the listing of its common stock on Nasdaq, there can be no assurance that the Company will be able to regain or maintain compliance with the Public Float Standard.

 

Item 9.01. Exhibits.

 

Exhibit
Number
  Description of Exhibit
104  

Cover Page Interactive Data File (embedded with the Inline XRBL document).

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has caused this report to be signed on its behalf by the duly authorized undersigned.

 

  LIBERTY RESOURCES ACQUISITION CORP.
     
Date: August 15, 2023 By: /s/ Dato’ Maznah Binti Abdul Jalil
    Dato’ Maznah Binti Abdul Jalil
    Chief Executive Officer