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Origo Acquisition receives noncompliance notice from Nasdaq


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Origo Acquisition receives noncompliance notice from Nasdaq

Origo Acquisition Corporation is not compliant with Nasdaq Stock Market's listing requirement that it hold an annual meeting on or before Nov. 30.

On Dec. 4, the company received notice from Nasdaq that it had not held an annual meeting in a timely manner for the fiscal year ending Nov. 30, 2016, which could serve as grounds to delist the company's securities from The Nasdaq Capital Market.

The company said it will provide an update to Nasdaq in relation to its plan to evidence compliance with the requirement.

In August, Origo was notified by Nasdaq that it was not compliant with its minimum public holders rule, which requires the company have at least 300 public holders. After meeting with a Nasdaq panel, the company's shares were allowed to continue to be listed on the exchange as long as Origo shows it is compliant with all of Nasdaq's listing requirements by Feb. 19, 2018.