NorthView Acquisition (NVAC) shares will be delisted from the Nasdaq after the company failed to comply with the exchange's rule of completing one or more business combinations within 36 months of the initial public offering, the company said Thursday.
NorthView said that it received a notification from the exchange's listing qualifications department that the company's securities will be suspended at the opening of business on Friday.
The blank-check company said it will not appeal Nasdaq's determination to delist its shares and plans to apply for listing on the OTC market under the same ticker symbols.
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