Reported Earlier, Mountain & Co. I Acquisition Corp. Received Nasdaq Delisting Determination, Plans To Appeal To Maintain Listing
Portfolio Pulse from Benzinga Newsdesk
Mountain & Co. I Acquisition Corp. has received a delisting determination from Nasdaq and plans to appeal to maintain its listing. If no appeal is made by September 10, 2024, its securities will be suspended on September 12, 2023.
September 10, 2024 | 8:00 am
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Mountain & Co. I Acquisition Corp. has received a delisting notice from Nasdaq. The company plans to appeal to maintain its listing. If no appeal is made by September 10, 2024, trading will be suspended on September 12, 2023.
The delisting notice from Nasdaq is a significant negative event for Mountain & Co. I Acquisition Corp. as it threatens the company's ability to trade on a major exchange. The company's plan to appeal indicates an attempt to mitigate this impact, but the uncertainty and potential suspension of trading could lead to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100