Aetherium Acquisition Corp. Class A (GMFI) has released an update to notify the public and investors about listing compliance status.
Aetherium Acquisition Corp. is facing non-compliance issues with Nasdaq’s listing requirements, including having insufficient market value and failing to file financial reports on time. They’ve been given deadlines to rectify these issues and have appealed for a stay of delisting while they work to meet the compliance criteria. The final decision regarding their Nasdaq listing status will be made after a February 2024 hearing.
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For a comprehensive understanding of the announcement, you can read the full document here.
