Gardiner Healthcare Acquisitions Corp. Receives Notice Regarding Late Form 10-Q Filing From The Nasdaq Stock Market LLC
August 25 2023 - 7:15PM
Business Wire
Gardiner Healthcare Acquisitions Corp. (NASDAQ: GDNR, the
"Company") announced today that it received a notice (the "Notice")
on August 18, 2023 from The Nasdaq Stock Market LLC ("Nasdaq")
stating that the Company is not in compliance with the requirements
for continued listing under Nasdaq Listing Rule 5250(c)(1) (the
"Listing Rule") because the Company has not yet filed its Quarterly
Report on Form 10-Q for the period ended June 30, 2023 (the "Form
10-Q") with the Securities and Exchange Commission (the "SEC").
The Notice has no immediate effect on the listing or trading of
the Company's common stock on the Nasdaq Global Market. The Notice
states that the Company has 60 calendar days from the date of the
Notice, or October 2, 2023, to submit a plan to regain compliance
with the Listing Rule. If Nasdaq accepts the Company's plan to
regain compliance, then Nasdaq may grant the Company up to 180
calendar days from the prescribed due date of the Form 10-Q, or
February 12, 2024, to file the Form 10-Q to regain compliance. The
Company continues to work diligently to finalize its Form 10-Q and
plans to file its Form 10-Q as promptly as possible to regain
compliance with the Listing Rule.
This announcement is made in compliance with Nasdaq Listing Rule
5810(b), which requires disclosure of receipt of a deficiency
notification.
The Company is a blank check company formed for the purpose of
effecting a merger, share exchange, asset acquisition, stock
purchase, reorganization, or similar business combination with one
or more businesses. While the Company may pursue an initial
business combination target in any business or industry, it intends
to focus its search on the healthcare or healthcare related
industries. The Company is sponsored by the Gardiner Healthcare
Holdings, LLC, Chardan Gardiner LLC, and CCMAUS Pty Ltd.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities. Any offers,
solicitations or offers to buy, or any sales of securities will be
made in accordance with the registration requirements of the
Securities Act of 1933, as amended ("Securities Act"). This
announcement is being issued in accordance with Rule 135 under the
Securities Act.
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version on businesswire.com: https://www.businesswire.com/news/home/20230825566387/en/
Marc F. Pelletier, PhD ir@gardinerhealthcare.com
Gardiner Healthcare Acqu... (NASDAQ:GDNR)
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