TG Venture Acquisition said it received a notice from the Listing Qualifications Department of the Nasdaq indicating that the SPAC is out of compliance with the minimum 400 shareholders requirement.
TGVC has until Nov. 24 to submit a plan for regaining compliance.
The SPAC faces a November deadline for completing its proposed merger with Flexi Group, a workspace provider. The deal had a pro forma enterprise value of $205 million at announcement last December. Read more.
