NorthView Acquisition (NVAC) announced that it has received a notice from the listing qualifications department of Nasdaq indicating that the staff has determined that the company’s securities will be delisted from Nasdaq; trading of the company’s common stock, rights, and warrants will be suspended at the opening of business on December 27 and a form 25-NSE will be filed with the SEC, which will remove the company’s securities from listing on Nasdaq. Pursuant to Nasdaq Listing Rule IM-5101-2, a special purpose acquisition company must complete one or more business combinations within 36 months of the effectiveness of its IPO registration statement. Since the company failed to complete its initial business combination by December 20, the company did not comply with IM-5101-2, and its securities are now subject to delisting. The company will not appeal Nasdaq’s determination to delist the company’s securities and accordingly, the company’s securities will be suspended from trading on Nasdaq at the opening of business on December 27.
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