DT Cloud Star Acquisition faces Nasdaq delisting after failing to meet $50 million market value rule
DTSQ•Failed listing requirements
The company failed to regain compliance with the $50 million minimum market value of listed securities by July 14.
Nasdaq also cited non-compliance with the 400 total shareholders requirement as a separate basis for delisting.
Nasdaq delisting determination
DT Cloud Star Acquisition received a Nasdaq delisting determination on July 15 tied to continued listing rule breaches.
Nasdaq warned trading would be suspended July 24 unless an appeal was requested by July 22; a timely hearing request stays suspension.
