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Tuscan Holdings Corp. (NASDAQ: THCB) received a notification from Nasdaq regarding non-compliance with Listing Rule 5250(c)(1) due to the late filing of its Quarterly Report on Form 10-Q for the quarter ended March 31, 2021. The company has until July 26, 2021, to file this report or submit a plan for regaining compliance. If a plan is approved, Nasdaq may grant an extension of up to 180 days. The company expects to file the report before the deadline, with no immediate effect on its listing status.
Tuscan Holdings Corp. (Nasdaq: THCB) has mailed proxy materials for its Annual Meeting scheduled for April 28, 2021. The meeting will address the election of a Class I director and an extension proposal for the business combination with Microvast, Inc. Stockholders as of March 17, 2021, are encouraged to vote, requiring a 65% majority for the extension proposal to pass. Notably, the proxy statement for this business combination was not finalized in time, necessitating this vote. For assistance, stockholders should contact Advantage Proxy, Inc.
