Goal Acquisitions Corp., a blank check company, is set to be delisted from the Nasdaq Stock Market, according to a recent 8-K filing with the Securities and Exchange Commission. The delisting is scheduled to take effect on July 8, 2024, following a Form 25-NSE filed by Nasdaq on June 28, 2024.
The Austin, Texas-based company, incorporated in Delaware, was notified on May 7, 2024, that it failed to meet Nasdaq's continued listing requirements, specifically Nasdaq IM-5101 and Listing Rules 5550(b)(2), 5550(a)(4), and Rule 5250(f). The reasons for non-compliance were not detailed in the filing.
Following the suspension of trading on Nasdaq on May 23, 2024, the company's securities, which include units consisting of one share of common stock and one redeemable warrant, common stock, and redeemable warrants, began trading on the OTC Pink Market under the symbols "PUCKU," "PUCK," and "PUCKW" respectively.
The deregistration of Goal Acquisitions Corp.'s securities under Section 12(b) of the Securities Exchange Act of 1934 is expected to become effective 90 days after the Form 25 filing, subject to a shorter period that may be determined by the SEC. Despite the delisting and deregistration under Section 12(b), the company's securities will remain registered under Section 12(g) of the Exchange Act.
Goal Acquisitions Corp. is categorized under the "Blank Checks" industry with the SIC code 6770, and operates under the organization name "05 Real Estate & Construction." The impact of the delisting on the company's operations and its stakeholders' interests is not immediately clear from the filing.
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