Metalpha Technology receives noncompliance notice from Nasdaq

Metalpha Technology announced that 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 Securities and Exchange Commission. 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 16. If the plan is accepted by Nasdaq, the Company can be granted up to 180 calendar days from the 2023 Form 20-F’s due date, or until February 12, 2024, to regain compliance.