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Mallard Acquisition Corp. (NASDAQ: MACU) announced its intention to dissolve and liquidate due to failure to complete a business combination within the required timeframe. Shareholders will receive approximately $10.10 per share for their stock. The company has also received a notice from Nasdaq regarding non-compliance for failing to file its Annual Report on time. While the notice does not affect trading immediately, the company plans to liquidate, leading to the delisting of its securities from Nasdaq.
Mallard Acquisition Corp. (NASDAQ: MACUU) received a notice from Nasdaq for not filing its Q3 Form 10-Q on time for the period ended September 30, 2021, due to a classification error in previously issued financial statements. The company has since filed the Q3 report on December 6, 2021, believing it has regained compliance with Nasdaq rules. Mallard Acquisition Corp. is a blank check company focusing on mergers and acquisitions in value-added distribution, industrial specialty services, and differentiated manufacturing sectors.
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