Brilliant Acquisition in an 8-K said it received a notice from the Nasdaq that it faces delisting from the exchange on July 7 unless it requests a hearing to dispute the decision. The SPAC has not met the Nasdaq’s requirement that blank-check companies must complete a business combination within 36 months of the effectiveness of an IPO registration statement.
Brilliant has a deal pending with Nukkleus, a New Jersey-based blockchain payment company. Nukkleus offers software to process exchanges of crypto and foreign currencies as well as contracts for differences (CFDs). company. The merger deadline on this deal has been extended eight times and is currently set to expire on July 23. The $144 million deal was announced in February 2022.
New Jersey-based Nukkleus offers software to process exchanges of crypto and foreign currencies as well as contracts for differences.
Brilliant in the 8-K said it will ask for a hearing with the Nasdaq to request additional time to complete a deal. Read more.
