Metal Sky Star Acquisition Corporation Announces Receipt of Additional Determination from Nasdaq Regarding Delayed Filing and Public Holders Deficiencies
Metal Sky Star Acquisition (Nasdaq: MSSA) has received a notice from Nasdaq on September 5, 2024, regarding two deficiencies that could lead to delisting. The first issue is the company's failure to timely file its Q2 2024 10-Q report. The second is not meeting the requirement of having at least 400 public holders for continued listing on the Nasdaq Global Market. These matters will be considered by the Nasdaq Hearings Panel in a hearing scheduled for September 19, 2024. MSSA plans to present its views on these deficiencies and intends to resolve them before the hearing date.
Metal Sky Star Acquisition (Nasdaq: MSSA) ha ricevuto una comunicazione da Nasdaq il 5 settembre 2024, riguardo a due carenze che potrebbero portare alla delisting. La prima questione è il mancato invio tempestivo del rapporto 10-Q del secondo trimestre 2024 da parte della società. La seconda è il non soddisfacimento del requisito di avere almeno 400 azionisti pubblici per il mantenimento della quotazione sul Nasdaq Global Market. Queste questioni saranno esaminate dal Nasdaq Hearings Panel in un'udienza programmata per il 19 settembre 2024. MSSA prevede di presentare le proprie osservazioni su queste carenze e intende risolverle prima della data dell'udienza.
Metal Sky Star Acquisition (Nasdaq: MSSA) ha recibido un aviso de Nasdaq el 5 de septiembre de 2024, sobre dos deficiencias que podrían llevar a la exclusión. La primera cuestión es el incumplimiento por parte de la empresa de presentar a tiempo su informe 10-Q del segundo trimestre de 2024. La segunda es no cumplir con el requisito de tener al menos 400 accionistas públicos para mantener la cotización en el Nasdaq Global Market. Estos asuntos serán considerados por el Nasdaq Hearings Panel en una audiencia programada para el 19 de septiembre de 2024. MSSA planea presentar su opinión sobre estas deficiencias y pretende resolverlas antes de la fecha de la audiencia.
메탈 스카이 스타 인수(Metal Sky Star Acquisition, Nasdaq: MSSA)는 2024년 9월 5일 나스닥으로부터 상장 폐지로 이어질 수 있는 두 가지 결함에 대한 통지를 받았습니다. 첫 번째 문제는 회사가 2024년 2분기 10-Q 보고서를 제때 제출하지 않은 것입니다. 두 번째는 나스닥 글로벌 마켓에서 계속 상장하기 위해 필요한 최소 400명의 공적 소유자가 충족되지 않는 것입니다. 이 문제들은 2024년 9월 19일 예정된 청문회에서 나스닥 청문회 위원회에 의해 고려될 것입니다. MSSA는 이러한 결함에 대한 견해를 발표할 계획이며, 청문회 날짜 이전에 문제를 해결할 의도를 가지고 있습니다.
Metal Sky Star Acquisition (Nasdaq: MSSA) a reçu un avis de Nasdaq le 5 septembre 2024 concernant deux défaillances qui pourraient entraîner sa radiation. Le premier problème est le non-respect par l'entreprise de soumettre à temps son rapport 10-Q du deuxième trimestre 2024. Le second ne respecte pas l'exigence d'avoir au moins 400 actionnaires publics pour le maintien de la cotation sur le Nasdaq Global Market. Ces questions seront examinées par le Nasdaq Hearings Panel lors d'une audience prévue pour le 19 septembre 2024. MSSA prévoit de présenter ses observations sur ces défaillances et entend les résoudre avant la date de l'audience.
Metal Sky Star Acquisition (Nasdaq: MSSA) hat am 5. September 2024 eine Mitteilung von Nasdaq über zwei Mängel erhalten, die zu einer Delisting führen könnten. Das erste Problem ist das Versäumnis des Unternehmens, seinen 10-Q Bericht für das zweite Quartal 2024 fristgerecht einzureichen. Das zweite ist, dass die Anforderung von mindestens 400 öffentlichen Aktionären für eine Fortführung der Notierung an der Nasdaq Global Market nicht erfüllt ist. Diese Angelegenheiten werden vom Nasdaq Hearings Panel in einer für den 19. September 2024 angesetzten Anhörung berücksichtigt. MSSA plant, seine Sichtweise zu diesen Mängeln darzulegen und beabsichtigt, diese vor dem Anhörungstermin zu klären.
- None.
- Failure to timely file Q2 2024 10-Q report
- Insufficient number of public holders (below 400) for Nasdaq Global Market listing
- Risk of delisting from Nasdaq
- Multiple compliance issues with Nasdaq listing requirements
New York, NY, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Metal Sky Star Acquisition Corporation (Nasdaq: MSSA) (the “Company”) announced that it has received a notice (the “Notice”) dated September 5, 2024, from The Nasdaq Stock Market LLC (“Nasdaq”) stating that as a result of its failure to timely file its Quarterly Report on Form 10-Q (the “Form 10-Q”) for the quarterly period ended June 30, 2024 (the “Delayed Filing”) in accordance with Nasdaq Listing Rule 5250(c)(1), and failure to have at least 400 public holders for continued listing on the Nasdaq Global Market, both of these matters serve as separate and additional basis for delisting the Company’s securities (units, ordinary shares, warrants, and rights), which will be considered by the Nasdaq Hearings Panel (the “Panel”) in a hearing (the “Hearing”) scheduled on September 19, 2024. The Company will present its views with respect to the additional deficiencies to the Panel and intends to cure the additional deficiencies before September 19, 2024.
About Metal Sky Star Acquisition Corporation
Metal Sky Star Acquisition Corporation is a blank check company formed under the laws of the Cayman Islands for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Forward Looking Statements
This press release contains statements that constitute “forward-looking statements”. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and final prospectus for the offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Company Contacts:
Wenxi He
Chairman and Chief Executive Officer
221 River Street, 9th Floor,
Hoboken, NJ 07030
Email: Olivia.he@gmail.com
Source: Metal Sky Star Acquisition Corporation
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