Nasdaq Warns Trailblazer Merger I Corp. Over Failure to Meet $50 Million Market Value Requirement

Reuters
Nov 29
Nasdaq Warns <a href="https://laohu8.com/S/TBMC">Trailblazer Merger</a> I Corp. Over Failure to Meet $50 Million Market Value Requirement

Trailblazer Merger I Corp. has received a notice from Nasdaq indicating that the company's market value of listed securities (MVLS) has fallen below the 50 million threshold required for continued listing on the Nasdaq Global Market under Listing Rule 5450(b)(A)$. The company has 180 calendar days, until May 24, 2026, to regain compliance by achieving an MVLS of at least $50 million for a minimum of ten consecutive business days. If Trailblazer Merger I Corp. does not meet this requirement, it may be eligible to transfer its listing to the Nasdaq Capital Market, provided it meets the relevant criteria. Failure to comply could result in delisting, though the company would have the right to appeal such a decision.

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