Jan. 9 at 6:22 PM
$ATMC ATMC has been down this road before in June, 2025.
They appealed and regained compliance/trading etc.
They r in a similar situation now.
This is a complex merger and indeed takes time.
On June 3, 2025, the Company received a letter from Nasdaq stating that the Company had not regained compliance with the Minimum Public Holders Rule by May 28, 2025. Accordingly, unless the Company requests an appeal of the Staff’s determination by June 10, 2025, the Staff has determined that (i) the Company’s securities will be scheduled for delisting from Nasdaq, (ii) trading of the Company’s ordinary shares, warrants, rights and units will be suspended at the opening of business on June 12, 2025 and (iii) a Form 25-NSE will be filed with the SEC, which will remove the Company’s securities from listing and registration on Nasdaq.
The Company fully intends to appeal such determination by requesting a hearing to the Hearings Panel (the “Panel”), pursuant to the procedures set forth.