Oak Woods Acquisition Faces Nasdaq Listing Rule Violation, Plans Compliance Measures

Oak Woods Acquisition Corporation received a notice from Nasdaq regarding the requirement to hold an annual meeting of shareholders within one year of its fiscal year end. The company did not comply with this requirement and received a 45-day grace period to submit a compliance plan. The plan aims to hold an annual meeting within the permitted period, subject to Nasdaq's acceptance. There is no assurance that Nasdaq will accept the plan, and the notification does not affect the company's ongoing business operations.