Failure to Satisfy Listing Rule Form 8 K

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On a Current Report on Form 8-K filed on June 11, 2024 with the Securities and Exchange Commission (the "SEC"), Capitalworks Emerging Markets Acquisition Corp (the "Company") reported that it received notice from The Nasdaq Stock Market LLC ("Nasdaq") stating that the Nasdaq Hearings Panel had determined to delist the Company's units, Class A ordinary shares and warrants and that trading of the Company's securities would be suspended at the open of trading on June 12, 2024. The Company also reported that Nasdaq would complete the delisting by filing a Form 25 after the applicable appeal periods had lapsed.

On August 31, 2024, Nasdaq notified the Company that Nasdaq would announce on September 4, 2024, pursuant to Nasdaq's obligations under Nasdaq Listing Rule 5830 and Rule 12d2-2 of the Securities Exchange Act, that it will file a Form 25 with the SEC to complete the delisting. The delisting becomes effective ten days after the Form 25 is filed.