08/30/2024 | Press release | Distributed by Public on 08/30/2024 15:01
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On August 26, 2024, Newbury Street Acquisition Corporation (the "Company") received an additional delinquency notice (the "Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company's failure to timely file the Form 10-Q for the quarterly period ended June 30, 2024 with the Securities and Exchange Commission (the "SEC"), in contravention of Nasdaq Listing Rule 5250(c)(1) (the "Filing Rule"), serves as an additional basis for delisting from Nasdaq. The Notice also indicates that as a result of this additional delinquency, the Company must address this matter in writing to the Nasdaq Hearings Panel (the "Panel") no later than September 3, 2024. The Company intends to address this matter to the Panel by September 3, 2024, and will continue to work diligently to complete and file the delayed periodic report with the SEC as soon as practicable.