Oak Woods acquisition (OAKU) announced it received a delinquency notification letter from Nasdaq on May 27. The notice indicated non-compliance with Nasdaq Listing Rule 5250(c)(1) due to the delayed filing of the company’s Q1 Form 10-Q. The company has 60 days to submit a plan to regain compliance. If accepted, Nasdaq may grant up to 180 days, or until November 17, to regain compliance. The notification has no immediate effect on listing.
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