Nasdaq informed BurTech Acquisition that it could face delisiting for falling below the minimum 400 shareholders rule, the SPAC disclosed in an 8-K today.
BurTech has until Nov. 27 for regaining compliance or submitting a plan to do so, which the SPAC said it would.
BurTech in February said it had signed an LOI for a merger with CleanBay, a late-stage enviro-tech company focused on the production of sustainable renewable natural gas, green hydrogen and natural controlled-release fertilizer.
There’s been no further announcement on that potential deal.
BurTech raised $287.5 million in a December 2021 IPO. Read more.
