NEW
YORK, May 14, 2024 /PRNewswire/ -- Qomolangma
Acquisition Corp. (Nasdaq: QOMO) (the "Company") announced that it
has received a notice (the "Notice") from The Nasdaq Stock Market
LLC ("Nasdaq") stating that because the Company has not yet filed
its Form 10-K for the period ended December
31, 2023, the Company is no longer in compliance with Nasdaq
Listing Rule 5250(c)(1), which requires listed companies to timely
file all required periodic financial reports with the Securities
and Exchange Commission (the "SEC").
This notification has no immediate effect on the listing of the
Company's shares on Nasdaq. However, if the Company fails to timely
regain compliance with the Nasdaq Listing Rule, the Company's
common stock will be subject to delisting from Nasdaq.
Under Nasdaq rules, the Company has 60 calendar days to submit
to Nasdaq a plan to regain compliance with the Nasdaq Listing Rule.
If Nasdaq accepts the Company's plan, then Nasdaq may grant the
Company up to 180 days from the prescribed due date for filing the
Form 10-K to regain compliance. If Nasdaq does not accept the
Company's plan, then the Company will have the opportunity to
appeal that decision to a Nasdaq Hearings Panel.
The Company is working diligently and expects to file its Form
10-K within the 60-day period described above, which would
eliminate the need for the Company to submit a formal plan to
regain compliance.
This announcement is made in compliance with Nasdaq Listing Rule
5810(b), which requires prompt disclosure of receipt of a
deficiency notification.
About Qomolangma Acquisition Corp.
Qomolangma Acquisition Corp. is a blank check company formed
under the laws of the State of
Delaware for the purpose of effecting a merger, share
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses.
Forward Looking Statements
This press release contains statements that constitute
"forward-looking statements". Forward-looking statements are
subject to numerous conditions, many of which are beyond the
control of the Company, including those set forth in the Risk
Factors section of the Company's registration statement and final
prospectus for the offering filed with the SEC. Copies are
available on the SEC's website, www.sec.gov. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
View original
content:https://www.prnewswire.com/news-releases/qomolangma-acquisition-corp-announces-receipt-of-notice-from-nasdaq-regarding-filing-of-annual-report-on-form-10-k-302144253.html
SOURCE QOMOLANGMA ACQUISITION CORP.