On Oct 12, Alpha Star Acquisition Corp Received Written Notice From Nasdaq Indicating That Co Was Not In Compliance With Listing Rule 5450(A)(2)
Portfolio Pulse from Benzinga Newsdesk
Alpha Star Acquisition Corp has received a written notice from Nasdaq indicating that the company is not in compliance with Listing Rule 5450(A)(2), according to an SEC filing.
October 13, 2023 | 8:19 pm
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NEGATIVE IMPACT
Alpha Star Acquisition Corp's non-compliance with Nasdaq Listing Rule 5450(A)(2) could potentially lead to delisting if not rectified.
Non-compliance with Nasdaq's listing rules can lead to delisting, which would significantly impact the company's stock price and its ability to raise capital. This news is highly relevant and important for ALSA investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100