Qomolangma Acquisition Corp. Announces Receipt of Notice from Nasdaq Regarding Filing of Quarterly Report on Form 10-Q
July 11 2024 - 4:29PM
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-Q for the period ended March 30,
2024, 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 until July
9, 2024 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 until October 15, 2024 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-Q within the next three weeks, 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.
Company Contacts:
Jonathan P. MyersPresident and Chief Executive Officer1178
Broadway, 3rd FloorNew York, NY 10001(646)
791-7587Email: jmyers@ventac-partners.com
Source: Qomolangma Acquisition Corp.
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