Metalpha Technology receives non-compliace letter from NASDAQ

Metalpha Technology Holding announced that on August 15 it has received a written notice from The Nasdaq Stock Market which states that, as a result of not having timely filed its annual report on Form 20-F for the fiscal year ended March 31, Metalpha is not in compliance with Nasdaq Listing Rule 5250, which requires timely filing of periodic reports with the SEC. This notice has no immediate effect on the listing or trading of Metalpha’s ordinary shares on the Nasdaq Capital Market. The Company is required by Nasdaq to submit its plan to regain compliance within 60 calendar days, or no later than October 14, 2024. If the plan is accepted by Nasdaq, the Company can be granted up to 180 calendar days from the 2024 Form 20-F’s due date, or until February 10, 2025, to regain compliance. The Company was not able to file the 2024 Form 20-F by its due date primarily due to the additional time needed to prepare the 2024 Form 20-F, as set forth in the Form 12b-25 submitted to the SEC on July 31. Metalpha continues to work diligently to complete the 2024 Form 20-F and strives to file it with the SEC as soon as reasonably practicable.