Core Viewpoint - Oak Woods Acquisition Corporation has received a notification from Nasdaq regarding non-compliance with the annual meeting requirement for continued listing [1][2]. Group 1: Compliance Notification - The Company did not hold an annual meeting of shareholders within twelve months following its fiscal year end, leading to non-compliance with Nasdaq Listing Rule 5620(a) [2]. - The notification does not have an immediate effect on the listing or trading of the Company's securities on Nasdaq [2]. Group 2: Compliance Plan - The Company has been given a period of 45 calendar days, until March 2, 2026, to submit a plan to regain compliance [3]. - If accepted, Nasdaq may grant an exception of up to 180 calendar days from the end of the Company's fiscal year, extending the deadline to June 29, 2026, for regaining compliance [3]. Group 3: Future Intentions - The Company intends to submit a compliance plan within the required timeframe, which will include plans to hold an annual meeting of shareholders [4]. - There is no assurance that Nasdaq will accept the compliance plan or that the Company will regain compliance within the applicable period [4].
Oak Woods Acquisition Corporation Announces Receipt of Nasdaq Notice Regarding Annual Meeting Requirement