AlphaTime Acquisition Corp regains Nasdaq compliance, transfers to Capital Market.

AlphaTime Acquisition Corp has regained compliance with Nasdaq Listing Rule 5450(a)(2) after receiving a written notice from Nasdaq. The company will transfer its listing to the Nasdaq Capital Market, effective July 11, 2025. Nasdaq also cancelled a previously scheduled hearing to review the company's compliance.

AlphaTime Acquisition Corp has regained compliance with Nasdaq Listing Rule 5450(a)(2) after receiving a written notice from Nasdaq. The company will transfer its listing to the Nasdaq Capital Market, effective July 11, 2025. Nasdaq also cancelled a previously scheduled hearing to review the company's compliance.

The notice from Nasdaq confirms that AlphaTime Acquisition Corp has met the necessary requirements to regain compliance with Listing Rule 5450(a)(2). This rule pertains to the company's financial stability and governance standards. The company's securities will continue to be listed and traded on the Nasdaq Capital Market, which is expected to enhance liquidity and attract a broader investor base [1].

The cancellation of the scheduled hearing before the Nasdaq Hearings Panel indicates a positive resolution to previous compliance concerns. This hearing was previously scheduled for July 15, 2025, but it has now been cancelled, ensuring that AlphaTime's securities will remain listed on the Nasdaq Capital Market [1].

AlphaTime Acquisition Corp is a special purpose acquisition company (SPAC) that seeks to merge with or acquire businesses. While the company is open to various industries and geographic areas, it intends to focus its search on businesses throughout Asia [2].

The company's forward-looking statements, which are subject to risks and uncertainties, include plans to pursue business combinations primarily in Asia. These statements are based on current expectations and assumptions, and actual results may differ materially [3].

The transfer to the Nasdaq Capital Market may enhance investor confidence and market presence for AlphaTime Acquisition Corp. However, the company's previous non-compliance with Nasdaq Listing Rule 5450(a)(2) raises concerns about its financial health and operational stability. The necessity of transferring to the Nasdaq Capital Market indicates that the company may face challenges meeting the requirements for listing on the main Nasdaq market [1].

References:
[1] https://www.nasdaq.com/articles/alphatime-acquisition-corp-regains-compliance-nasdaq-listing-rule-and-transfers-nasdaq
[2] https://www.globenewswire.com/news-release/2025/07/10/3112958/0/en/AlphaTime-Acquisition-Corp-Transfers-to-the-Nasdaq-Capital-Market-and-Regains-Compliance-with-Nasdaq-Listing-Requirements.html
[3] https://www.barchart.com/story/news/33312177/alphatime-acquisition-corp-transfers-to-the-nasdaq-capital-market-and-regains-compliance-with-nasdaq-listing-requirements