Oak Woods Acquisition Corporation Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Annual Report on Form 10-K
GlobeNewswire News Room·2025-04-30 21:00

Core Viewpoint - Oak Woods Acquisition Corporation has received a delinquency notification from Nasdaq due to the delayed filing of its Annual Report for the fiscal year ended December 31, 2024, but this does not currently affect its listing status on Nasdaq [1][2]. Group 1: Compliance and Notification - The Company has 60 calendar days to submit a plan to regain compliance with Nasdaq Listing Rule 5250(c)(1), with a potential extension of up to 180 days until October 13, 2025, if the plan is accepted [2]. - The notification does not impact the Company's listing on The Nasdaq Capital Market at this time [2]. Group 2: Audit and Filing Status - The Company is in the final stages of completing the audit of its financial statements for the fiscal year ended December 31, 2024, and is working with its independent auditors to finalize the audit procedures [3]. - The delay in filing the Annual Report is not due to any disagreements with the auditors, and the Company expects to file the Form 10-K promptly upon completion of the audit [3]. Group 3: Business Combination Timeline - Oak Woods Acquisition Corporation is a blank check company focused on mergers and acquisitions, having entered into a Merger Agreement with Huajin (China) Holdings Limited [4]. - The deadline for completing the business combination has been extended multiple times, with the latest extension allowing until September 28, 2025, by depositing $172,500 for each one-month extension [5][6].