noco-noco Inc to Appeal Nasdaq Delisting Determination

Core Viewpoint - noco-noco Inc. has received a delisting notice from Nasdaq due to non-compliance with continued listing requirements, with trading suspension effective November 25, 2024 [1] Company Actions - The Company plans to appeal the delisting decision to the Nasdaq Listing and Hearing Review Council within the 15-day appeal period, although this will not automatically prevent the suspension [2] - noco-noco is taking concrete measures to regain compliance with Nasdaq's listing requirements [2] Impact on Operations - The delisting notice is not expected to have a material impact on the Company's operations, as noco-noco will continue to focus on performance growth and operational efficiency [3] - The Company remains committed to creating value for shareholders and strengthening its position in next-generation energy storage technology [3] Company Overview - noco-noco Inc. is a technology solutions provider in the energy transition sector, aiming to accelerate the global transformation to a decarbonized economy [4] - The Company is built on its proprietary X-SEPA™ battery separator technology, which is designed for long-lasting and high heat-resistant performance, addressing the need for clean, affordable, and sustainable energy storage solutions [4]