Bowen Acquisition Corp Receives NASDAQ Notification of Non-Compliance with Listing Rules
May 29 2025 - 4:30PM
Bowen Acquisition Corp (NASDAQ: BOWN) (“BOWN”), a special purpose
acquisition company, announced that on May 28, 2025, it received a
letter from the Listing Qualifications Department of the Nasdaq
Stock Market (“NASDAQ”) advising the Company that the Company does
not comply with NASDAQ’s Listing Rule 5250(c)(1) for continued
listing because NASDAQ has not received the Company’s Quarterly
Report on Form 10-Q for the fiscal quarter ended March 31, 2025
(the “Form 10-Q”). NASDAQ has informed the Company that it has
until July 28, 2025 to submit a plan to regain compliance with
respect to this delinquent report. If NASDAQ approves the Company’s
plan, it has the discretion to grant the Company an extension of up
to 180 calendar days from the due date of the Form 10-Q (or until
November 17, 2025) to regain compliance.
The Company is working diligently to complete
the Form 10-Q. If the Company is unable to file the Form 10-Q by
July 28, 2025, it intends to file a plan to regain compliance with
NASDAQ. This notification has no immediate effect on the listing of
the Company’s securities on NASDAQ. There can be no assurance,
however, that the Company will be able to regain compliance with
the listing requirements discussed above or otherwise satisfy the
other NASDAQ listing criteria.
About Bowen Acquisition
Corp
Bowen Acquisition Corp is a blank check company
whose business purpose is to effect a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses. As
previously disclosed, Bowen has entered into a definitive agreement
for a business combination with Shenzhen Qianzhi BioTechnology Co.,
Ltd.
Forward Looking
Statements
This press release includes certain
“forward-looking” statements, as that term is defined under the
federal securities laws. Actual results may differ from
expectations, estimates and projections and consequently, you
should not rely on these forward-looking statements as predictions
of future events. These forward-looking statements generally are
identified by the words or phrases such as “aspire,” “expect,”
“estimate,” “project,” “budget,” “forecast,” “anticipate,”
“intend,” “plan,” “may,” “will,” “will be,” “will continue,” “will
likely result,” “could,” “should,” “believe(s),” “predicts,”
“potential,” “continue,” “future,” “opportunity,” seek,” “intend,”
“strategy,” or the negative version of those words or phrases or
similar expressions are intended to identify such forward-looking
statements. You should not place undue reliance on any
forward-looking statements. Any forward-looking statement speaks
only as of the date hereof, and, except as required by law, the
Company assumes no obligation and does not intend to update any
forward-looking statement to reflect events or circumstances after
the date hereof.
For investor and media inquiries, please
contact:
Jiangang LuoChief Executive Officerjiangangluo@bowenspac.com
Bowen Acquisition (NASDAQ:BOWN)
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