Roth CH Acquisition (formerly TKB Critical Technologies 1) said it was notified by the Nasdaq that it is not in compliance with the listing rule that requires the company to have at least 400 shareholders for continued listing on the exhange.
Roth CH has until Nov. 30 to submit a plan to regain compliance, and the SPAC said it would do so. If the plan is rejected, the SPAC may appeal any delisting decision.
Roth Capital Partners and Craig-Hallum Capital Group acquired most of the sponsor holdings of the former TKB SPAC in June, shortly after TKB terminated a merger agreement with Wejo Group Limited, a global company engaged in cloud and software analytics.
UK-based Wejo filed for insolvency in May. Read more.
