Noble Rock Acquisition (NRAC) has released an update to notify the public and investors about listing compliance status.
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Northern Revival Acquisition Corporation has been notified by Nasdaq that it failed to meet the requirement of completing a business combination within 36 months of its IPO, which took place on February 2, 2021. As a result, Nasdaq plans to delist the Company’s securities unless the Company successfully appeals this decision. Northern Revival intends to request a hearing with a Nasdaq Hearings Panel in an effort to overturn the delisting determination. If the appeal is not requested, trading of the company’s securities will be suspended starting February 14, 2024.
For further insights into NRAC stock, check out TipRanks’ Stock Analysis page.
For a comprehensive understanding of the announcement, you can read the full document here.
