Berenson Corp I (BACA) has released an update to notify the public and investors about listing compliance status.
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Berenson Acquisition Corp. I received a notice from NYSE Regulation stating it does not meet the required minimum of 300 public stockholders. The company has 30 days to submit a plan to regain compliance by September 30, 2024. If the plan is accepted, the company will be monitored for compliance, but if rejected, it faces delisting. The company believes it will meet the requirement following a business combination and expects its stock to remain listed during this period, pending NYSE Regulation approval and adherence to other listing standards.
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