This meeting agenda is for July 15, 2025, and will be held both in person and online. Attendees can join the Zoom meeting using the provided link or phone numbers. The meeting ID is 820 6253 1562 and the passcode is 514456.
AlphaTime Acquisition Corp has regained compliance with Nasdaq Listing Rule 5450(a)(2) and will transfer its securities to the Nasdaq Capital Market, effective July 11, 2025. The company announced this development in a recent press release, stating that it had received a written notice from Nasdaq informing it of its regained compliance [1].
The transfer of AlphaTime's securities to the Nasdaq Capital Market will take place at the opening of business on July 11, 2025. Nasdaq also canceled a previously scheduled hearing before the Nasdaq Hearings Panel, which was set to take place on July 15, 2025. This hearing was canceled due to AlphaTime's regained compliance, ensuring that the company's securities will continue to be listed and traded on The Nasdaq Capital Market [1].
AlphaTime is a special purpose acquisition company (SPAC) that focuses on identifying and acquiring businesses, particularly in Asia. The company's regained compliance with Nasdaq Listing Rule 5450(a)(2) indicates improved financial stability and governance, which could enhance investor confidence and market presence. However, the company's previous non-compliance with the rule raises concerns about its financial health and operational stability [1].
The cancellation of the scheduled hearing indicates a positive resolution to previous compliance concerns. The transfer of the company's securities listing to the Nasdaq Capital Market may enhance liquidity and attract a broader investor base. However, 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].
AlphaTime's press release also contained forward-looking statements regarding the company's future plans, which are subject to risks and uncertainties. These risks include the potential for actual results to differ significantly from expectations [1].
Institutional investors' activity in AlphaTime's stock has been notable. According to Quiver Quantitative's institutional holdings dashboard, five institutional investors added shares to their portfolios in the most recent quarter, while 13 decreased their positions [2].
In conclusion, AlphaTime Acquisition Corp's regained compliance with Nasdaq Listing Rule 5450(a)(2) and its transfer to the Nasdaq Capital Market are significant developments. While these events may enhance liquidity and investor confidence, the company's previous non-compliance raises concerns about its financial health and operational stability. Investors should carefully consider the risks associated with the company's forward-looking statements.
References:
[1] https://www.nasdaq.com/articles/alphatime-acquisition-corp-regains-compliance-nasdaq-listing-rule-and-transfers-nasdaq
[2] https://quiverquantitative.com/institutional-holdings-dashboard
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