Core Viewpoint - Oak Woods Acquisition Corporation has received a Staff Delisting Determination from Nasdaq due to non-compliance with listing requirements, specifically failing to maintain a minimum of 300 public holders and not holding an annual meeting of shareholders [1][3][4]. Group 1: Delisting Determination - On February 5, 2026, Nasdaq determined that the Company did not satisfy the terms of the extension granted to regain compliance with the minimum public holders requirement [3]. - The Company was previously notified on August 8, 2025, about its non-compliance with Nasdaq Listing Rule 5550(a)(3) [2]. - Nasdaq's determination to delist the Company's securities is based on the failure to meet the minimum requirement of 300 public holders [3]. Group 2: Annual Meeting Compliance - The Company is also non-compliant with Nasdaq Listing Rule 5620(a), which mandates holding an annual meeting of shareholders within twelve months of the fiscal year-end [4]. - Nasdaq stated that due to the Staff Delisting Determination, it cannot review any compliance plan related to the annual meeting deficiency [4]. Group 3: Next Steps - The Company has until 4:00 p.m. Eastern Time on February 12, 2026, to request a hearing before a Nasdaq Hearings Panel to appeal the delisting determination [5]. - If no timely hearing request is made, trading of the Company's securities will be suspended on February 17, 2026, and Nasdaq will file a Form 25-NSE to remove the Company's securities from listing [5]. - The Company is evaluating its options, including the possibility of requesting a hearing to appeal the Staff's determination [6].
Oak Woods Acquisition Corporation Announces Receipt of Nasdaq Staff Delisting Determination