Pearl Holdings Acquisition in an 8-K said it regained Nasdaq compliance for listing its shares on the exchange, however, the SPAC is still working on listing alternatives for its warrants.
Shareholders late last year approved a deadline extension up to December 2024, although redemptions wiped out 89% of Pearl’s cash in trust, which now stands at about $23.3 million.
The blank check company raised $175 million in a December 2021 IPO to focus its search for a target business in global consumer-focused industries. Pearl nearly a year ago announced an LOI with an unnamed target for a potential business combination, but has yet to announce a deal. Read more.
