Tuscan Holdings II today in a regulatory filing said it is being delisted from the Nasdaq for failing to complete a merger within 36 months of its IPO, which in Tuscan’s case was July 2019.
The exchange had granted an extension to the SPAC as it worked toward completing a $1.42 billion deal with Surf Air Mobility, however, the merger agreement was terminated last week. Surf Air is now pursuing a direct listing of shares.
When the deal terminated, so too did the Nasdaq’s extension.
Tuscan II in the regulatory filing does not disclose what its next move will be, or whether it will atempt to list shares elsewhere. Read more.
