Nasdaq To Delist Focus Impact Acquisition Securities On November 4, 2024; Delisting Due To Failure To Complete Business Combinations Within 36-Months
Portfolio Pulse from Benzinga Newsdesk
Nasdaq will delist Focus Impact Acquisition Corp. (FIAC) securities on November 4, 2024, due to the company's failure to complete business combinations within the required 36-month period.
November 01, 2024 | 8:53 pm
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Focus Impact Acquisition Corp. (FIAC) will be delisted from Nasdaq on November 4, 2024, as it failed to complete business combinations within 36 months.
The delisting of FIAC from Nasdaq is a significant event as it indicates the company's inability to meet the exchange's requirements, likely leading to a negative impact on its stock price. Investors may lose confidence due to the failure to complete business combinations, which is a critical aspect of a SPAC's business model.
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