Aquaron Acquisition said it was notified by the Nasdaq of a listing deficiency for failing to file an annual report on time.
The company has 60 calendar days, or until June 18, to submit a plan to regain compliance with the listing rule.
Aquaron said it intends to regain compliance with the listing requirement, and currently plans to file the Form 10-K with the Commission as soon as it completes the preparation and review of its financial statements for the year ended Dec. 31, 2023.
The SPAC has a deal with Bestpath (Shanghai) IoT Technology Co., Ltd., which develops hydrogen fuel cell powered vehicles in China.
Aquaron last week filed a proxy seeking a deadline extension up to May 6, 2025 as it continues working to complete the deal. Read more.
