Bowen Acquisition Corp Receives NASDAQ Notification of Non-Compliance with Listing Rules
Bowen Acquisition Corp (NASDAQ: BOWN) has received a non-compliance notification from NASDAQ on May 28, 2025, due to failing to submit its Q1 2025 Form 10-Q quarterly report. The company has until July 28, 2025 to submit a compliance plan to NASDAQ. If approved, NASDAQ may grant BOWN an extension of up to 180 calendar days (until November 17, 2025) to regain compliance. While this notification does not immediately affect BOWN's NASDAQ listing, there is no guarantee the company will successfully regain compliance with listing requirements.
Bowen Acquisition Corp (NASDAQ: BOWN) ha ricevuto una notifica di non conformità da NASDAQ il 28 maggio 2025, a causa della mancata presentazione del rapporto trimestrale Q1 2025, Form 10-Q. La società ha tempo fino al 28 luglio 2025 per presentare un piano di conformità a NASDAQ. Se approvato, NASDAQ potrebbe concedere a BOWN una proroga fino a 180 giorni di calendario (fino al 17 novembre 2025) per tornare in regola. Sebbene questa notifica non influisca immediatamente sulla quotazione di BOWN su NASDAQ, non vi è alcuna garanzia che la società riesca a soddisfare nuovamente i requisiti di quotazione.
Bowen Acquisition Corp (NASDAQ: BOWN) recibió una notificación de incumplimiento de NASDAQ el 28 de mayo de 2025, debido a la falta de presentación de su informe trimestral Formulario 10-Q del primer trimestre de 2025. La compañía tiene hasta el 28 de julio de 2025 para presentar un plan de cumplimiento a NASDAQ. Si es aprobado, NASDAQ podría otorgar a BOWN una prórroga de hasta 180 días calendario (hasta el 17 de noviembre de 2025) para recuperar el cumplimiento. Aunque esta notificación no afecta inmediatamente la cotización de BOWN en NASDAQ, no hay garantía de que la compañía logre cumplir nuevamente con los requisitos de cotización.
Bowen Acquisition Corp (NASDAQ: BOWN)는 2025년 5월 28일 NASDAQ으로부터 2025년 1분기 Form 10-Q 분기 보고서를 제출하지 않아 비준수 통지를 받았습니다. 회사는 2025년 7월 28일까지 NASDAQ에 준수 계획을 제출해야 합니다. 승인될 경우 NASDAQ은 BOWN에게 최대 180일(2025년 11월 17일까지)의 연장 기간을 부여하여 준수를 회복할 수 있도록 할 수 있습니다. 이 통지는 즉시 BOWN의 NASDAQ 상장에 영향을 미치지는 않지만, 회사가 상장 요건을 다시 충족할 수 있을지 보장은 없습니다.
Bowen Acquisition Corp (NASDAQ : BOWN) a reçu une notification de non-conformité de la part de NASDAQ le 28 mai 2025, en raison du non-dépôt de son rapport trimestriel Formulaire 10-Q du premier trimestre 2025. La société dispose jusqu'au 28 juillet 2025 pour soumettre un plan de conformité à NASDAQ. Si ce plan est approuvé, NASDAQ pourrait accorder à BOWN une prolongation allant jusqu'à 180 jours calendaires (jusqu'au 17 novembre 2025) pour retrouver la conformité. Bien que cette notification n'affecte pas immédiatement la cotation de BOWN sur NASDAQ, il n'y a aucune garantie que la société parvienne à respecter à nouveau les exigences de cotation.
Bowen Acquisition Corp (NASDAQ: BOWN) hat am 28. Mai 2025 eine Nicht-Einhaltungsbenachrichtigung von der NASDAQ erhalten, da der Quartalsbericht Form 10-Q für das erste Quartal 2025 nicht eingereicht wurde. Das Unternehmen hat bis zum 28. Juli 2025 Zeit, einen Compliance-Plan bei der NASDAQ einzureichen. Wird dieser genehmigt, kann die NASDAQ BOWN eine Verlängerung von bis zu 180 Kalendertagen (bis zum 17. November 2025) gewähren, um die Einhaltung wiederherzustellen. Diese Benachrichtigung hat zwar keine unmittelbaren Auswirkungen auf die NASDAQ-Notierung von BOWN, jedoch gibt es keine Garantie, dass das Unternehmen die Anforderungen für die Notierung erfolgreich erfüllen wird.
- None.
- Failed to file Q1 2025 Form 10-Q quarterly report on time
- Risk of potential delisting from NASDAQ if compliance is not regained
New York, NY, May 29, 2025 (GLOBE NEWSWIRE) -- Bowen Acquisition Corp (NASDAQ: BOWN) (“BOWN”), a special purpose acquisition company, announced that on May 28, 2025, it received a letter from the Listing Qualifications Department of the Nasdaq Stock Market (“NASDAQ”) advising the Company that the Company does not comply with NASDAQ’s Listing Rule 5250(c)(1) for continued listing because NASDAQ has not received the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2025 (the “Form 10-Q”). NASDAQ has informed the Company that it has until July 28, 2025 to submit a plan to regain compliance with respect to this delinquent report. If NASDAQ approves the Company’s plan, it has the discretion to grant the Company an extension of up to 180 calendar days from the due date of the Form 10-Q (or until November 17, 2025) to regain compliance.
The Company is working diligently to complete the Form 10-Q. If the Company is unable to file the Form 10-Q by July 28, 2025, it intends to file a plan to regain compliance with NASDAQ. This notification has no immediate effect on the listing of the Company’s securities on NASDAQ. There can be no assurance, however, that the Company will be able to regain compliance with the listing requirements discussed above or otherwise satisfy the other NASDAQ listing criteria.
About Bowen Acquisition Corp
Bowen Acquisition Corp is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As previously disclosed, Bowen has entered into a definitive agreement for a business combination with Shenzhen Qianzhi BioTechnology Co., Ltd.
Forward Looking Statements
This press release includes certain “forward-looking” statements, as that term is defined under the federal securities laws. Actual results may differ from expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. These forward-looking statements generally are identified by the words or phrases such as “aspire,” “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “will be,” “will continue,” “will likely result,” “could,” “should,” “believe(s),” “predicts,” “potential,” “continue,” “future,” “opportunity,” seek,” “intend,” “strategy,” or the negative version of those words or phrases or similar expressions are intended to identify such forward-looking statements. You should not place undue reliance on any forward-looking statements. Any forward-looking statement speaks only as of the date hereof, and, except as required by law, the Company assumes no obligation and does not intend to update any forward-looking statement to reflect events or circumstances after the date hereof.
For investor and media inquiries, please contact:
Jiangang Luo
Chief Executive Officer
jiangangluo@bowenspac.com
FAQ
What caused BOWN stock to receive a NASDAQ non-compliance notice?
When is the deadline for BOWN to submit its compliance plan to NASDAQ?
Will BOWN be immediately delisted from NASDAQ due to non-compliance?
What is the maximum extension NASDAQ could grant BOWN to regain compliance?
