Pegasus Digital Mobility Acquisition Corp. Class A (PGSS) has released an update to notify the public and investors about listing compliance status.
The Company was notified by the NYSE on January 19, 2024, that it fails to meet the continued listing standards due to having fewer than 300 public stockholders. It plans to submit a business plan within 45 days to address this issue and has 18 months to rectify it and meet the minimum stockholder requirement. The Company’s securities will remain listed and traded on the NYSE during this period, and this notice does not affect its business operations or SEC reporting obligations. Non-compliance within the cure period could result in delisting.
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