HONG
KONG, April 10, 2024 /PRNewswire/ -- Metalpha
Technology Holding Limited (Nasdaq: MATH) (the
"Company" or "Metalpha"), a global
digital asset-focused wealth management company, announced today
that it received a notice (the "Notice") from the
Listing Qualifications Department of The Nasdaq Stock Market LLC
("Nasdaq") on April 8,
2024 indicating that the Company is not currently in
compliance with Nasdaq's Listing Rules (the "Listing
Rules") due to the Company's failure to file an interim
balance sheet and income statement as of and for the six months
ended September 30, 2023 on Form 6-K
with the Securities and Exchange Commission ("SEC") .
Pursuant to Listing Rule 5250(c)(2), the Company was required to
file such Form 6-K no later than six months following the end of
the quarter ended September 30, 2023, or March 31, 2024 (the
"Due Date"). As of the date of this press release,
the Company has not yet filed the required Form 6-K.
The Notice has no immediate effect on the listing of the
Company's ordinary shares. Pursuant to the Notice, the Company has
60 calendar days from the date of the Notice, or until June 7, 2024, to submit a proposal to regain
compliance with the Listing Rules. If Nasdaq accepts the Company's
proposal, Nasdaq may grant the Company an extension of up to 180
calendar days from the Due Date, or until September 27, 2024, to regain compliance with the
Listing Rules. The Company intends to fully comply with the time
period afforded in the Notice and is actively working on its
proposal to regain compliance with the Listing Rules.
About Metalpha Technology Holding Limited
Founded in 2015, Metalpha Technology Holding Limited (Nasdaq:
MATH) went public on October 20,
2017. The listed Company is dedicated to providing investing
and digital asset-focused wealth management services with a
full-service, institutional-grade platform. With dedicated
blockchain expertise, the Company aims to become a leader in the
field of digital asset-focused wealth management services, bringing
robust innovation and transparency to the customers and businesses
it serves.
Forward-Looking Statements
This press release contains statements that may constitute
"forward-looking" statements pursuant to the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "aims,"
"future," "intends," "plans," "believes," "estimates," "likely to"
and similar statements. Management has based these forward-looking
statements on its current expectations, assumptions, estimates and
projections. While they believe these expectations, assumptions,
estimates and projections are reasonable, such forward-looking
statements are only predictions and involve known and unknown risks
and uncertainties, many of which are beyond management's control.
These statements involve risks and uncertainties that may cause
Metalpha's actual results, performance or achievements to differ
materially from any future results, performance or achievements
expressed or implied by these forward-looking statements.
Contact
Yiwei Wang
info@metalpha.finance
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SOURCE Metalpha Technology Holding Limited