Genesis Growth Tech Acquisition Corp. Announces Receipt of Nasdaq Delisting Notification
NIDWALDEN, Switzerland, July 14, 2023 (GLOBE NEWSWIRE) -- Genesis Growth Tech Acquisition Corp. (Nasdaq: GGAA) (“GGAA” or “Genesis”), today announced that on July 14, 2023, it received a notice (“Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”).
- NIDWALDEN, Switzerland, July 14, 2023 (GLOBE NEWSWIRE) -- Genesis Growth Tech Acquisition Corp. (Nasdaq: GGAA) (“GGAA” or “Genesis”), today announced that on July 14, 2023, it received a notice (“Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”).
- Additionally, in accordance with Nasdaq Listing Rule 5452, special purpose acquisition companies are required to hold at least 600,000 in publicly held shares.
- According to the Company’s Form 10-K for the year ended December 31, 2022, Nasdaq calculated the publicly held shares as 101,039.
- Nasdaq advised that this deficiency serves as an additional and separate basis for delisting.