12/16/2024 | Press release | Distributed by Public on 12/16/2024 05:01
Item 3.01. | Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing |
On December 9, 2024, Technology & Telecommunication Acquisition Corporation (the "Company"), received a notification letter from the Listing Qualifications Staff of The NASDAQ Stock Market LLC ("Nasdaq") indicating that, since the Company has not yet held an annual meeting of shareholders within twelve months of the end of its fiscal year, it is out of compliance with the Nasdaq rules for continued listing (Listing Rules 5620(a) and 5810(c)(2)(G)). The notification letter has no immediate effect on the listing of the Company's securities on the Nasdaq Global Market.
Under the applicable Nasdaq rules, the Company now has 45 calendar days to submit a plan to regain compliance. If Nasdaq accepts the Company's plan, Nasdaq can grant an exception of up to 180 calendar days from the Company's most recent fiscal year end, or until May 29, 2025, to regain compliance.
The Company expects to organize an annual meeting in the coming weeks to regain compliance with the applicable Nasdaq Listing Rules.