AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
AlphaTime Acquisition Corp regains Nasdaq compliance, transfers to Capital Market.
ByAinvest
Thursday, Jul 10, 2025 6:05 am ET1min read
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
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet