Capitalworks Emerging Markets Acquisition Corp. Faces Delisting
Ticker: CMCAW · Form: 8-K · Filed: Sep 13, 2024 · CIK: 1865248
| Field | Detail |
|---|---|
| Company | Capitalworks Emerging Markets Acquisition Corp (CMCAW) |
| Form Type | 8-K |
| Filed Date | Sep 13, 2024 |
| Risk Level | high |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $11.50 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, listing-standards, spac
Related Tickers: CMCA
TL;DR
CMCA is getting booted from Nasdaq, shares and warrants might be toast.
AI Summary
Capitalworks Emerging Markets Acquisition Corp. (CMCA) filed an 8-K on September 13, 2024, to report a notice of delisting or failure to satisfy a continued listing rule. The company's Class A ordinary shares and warrants were previously listed on the Nasdaq Capital Market.
Why It Matters
This filing indicates potential delisting from Nasdaq, which could significantly impact the liquidity and trading of CMCA's securities.
Risk Assessment
Risk Level: high — Delisting from a major exchange like Nasdaq poses a significant risk to the company's ability to raise capital and the value of its outstanding securities.
Key Players & Entities
- Capitalworks Emerging Markets Acquisition Corp. (company) — Filer of the 8-K
- Nasdaq Capital Market (company) — Exchange where securities were listed
FAQ
What specific listing rule or standard did Capitalworks Emerging Markets Acquisition Corp. fail to satisfy?
The filing states it is a 'Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard' but does not specify the exact rule in the provided text.
When was the delisting notice filed?
The 8-K filing was made on September 13, 2024.
What securities are affected by this notice?
The notice pertains to the company's Class A ordinary shares and warrants.
Where were the company's securities previously listed?
The company's Class A ordinary shares and warrants were previously listed on the Nasdaq Capital Market.
What is the ticker symbol for Capitalworks Emerging Markets Acquisition Corp.?
The ticker symbol is not explicitly stated in the provided text, but the company name is Capitalworks Emerging Markets Acquisition Corp.
Filing Stats: 585 words · 2 min read · ~2 pages · Grade level 14.7 · Accepted 2024-09-13 16:09:47
Key Financial Figures
- $0.0001 — f one Class A ordinary share, par value $0.0001 per share, and one-half of one redeemab
- $11.50 — ordinary share at an exercise price of $11.50 per share CMCAW OTC Check the app
Filing Documents
- tm2424014d1_8k.htm (8-K) — 31KB
- 0001104659-24-099776.txt ( ) — 265KB
- cmca-20240831.xsd (EX-101.SCH) — 4KB
- cmca-20240831_def.xml (EX-101.DEF) — 29KB
- cmca-20240831_lab.xml (EX-101.LAB) — 38KB
- cmca-20240831_pre.xml (EX-101.PRE) — 27KB
- tm2424014d1_8k_htm.xml (XML) — 8KB
01 Notice of Delisting or Failure to
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. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: September 13, 2024 Capitalworks Emerging Markets Acquisition Corp By: /s/ Suresh Guduru Name: Suresh Guduru Title: Chief Executive Officer