ATLANTIC ALLIANCE PARTNERSHIP CORP. (NASDAQ:AAPC) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of ListingItem 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On March 29, 2017, Atlantic Alliance Partnership Corp. (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that the staff of Nasdaq has determined that the Company currently does not comply with Listing Rule 5550(a)(3) (the “Minimum Holders Rule”), which requires the Company to have at least 300 public holders of its ordinary shares for continued listing on Nasdaq.
The Notice stated that, no later than May 15, 2017, the Company is required to submit a plan to regain compliance with the Minimum Holders Rule. The Company intends to submit a plan with Nasdaq on or before May 15, 2017 to regain compliance and maintain its Nasdaq listing. If Nasdaq accepts the Company’s plan, Nasdaq may grant the Company an extension of up to 180 calendar days from the date of the Notice to evidence compliance with the Minimum Holders Rule. If Nasdaq does not accept the Company’s plan, the Company will have the opportunity to appeal the decision in front of a Nasdaq Hearings Panel.
About ATLANTIC ALLIANCE PARTNERSHIP CORP. (NASDAQ:AAPC)
Atlantic Alliance Partnership Corp. is a blank check company. The Company is formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation, contractual control arrangement with, purchasing all or substantially all of the assets of, or engaging in any other similar initial business combination with one or more businesses or entities. The Company is focused on companies in the media, Internet and consumer sector operating in the United Kingdom and Europe (which may include a business based in Europe, which has operations or opportunities outside of Europe). The Company may pursue an acquisition opportunity in any business industry or sector. The Company has not conducted any operations and has not generated any revenues. ATLANTIC ALLIANCE PARTNERSHIP CORP. (NASDAQ:AAPC) Recent Trading Information
ATLANTIC ALLIANCE PARTNERSHIP CORP. (NASDAQ:AAPC) closed its last trading session down -0.39 at 10.00 with 0 shares trading hands.