Oak Woods Acquisition Corporation Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Annual Report on Form 10-K
Oak Woods Acquisition Corporation has received a deficiency notification from Nasdaq due to delayed filing of its Annual Report (Form 10-K) for the period ending December 31, 2024. The notification, received on April 24, 2025, indicates non-compliance with Nasdaq Listing Rule 5250(c)(1).
The company has been granted 60 calendar days to submit a compliance plan. If Nasdaq accepts the plan, they may extend the compliance period up to 180 calendar days from the original due date, until October 13, 2025. Currently, this notification does not affect the company's listing status on The Nasdaq Capital Market.
Oak Woods is in the final stages of completing its financial audit and working with independent auditors to complete remaining procedures. The company emphasizes that the delay is not due to any disagreement with auditors and expects to file the Form 10-K promptly upon audit completion.
Oak Woods Acquisition Corporation ha ricevuto una notifica di inadempienza da parte di Nasdaq a causa del ritardo nella presentazione del suo Rapporto Annuale (Modulo 10-K) relativo al periodo conclusosi il 31 dicembre 2024. La notifica, ricevuta il 24 aprile 2025, segnala il mancato rispetto della Regola di Quotazione Nasdaq 5250(c)(1).
Alla società sono stati concessi 60 giorni di calendario per presentare un piano di conformità. Se Nasdaq accetterà il piano, potrà estendere il periodo di conformità fino a 180 giorni di calendario dalla data di scadenza originale, ovvero fino al 13 ottobre 2025. Al momento, questa notifica non incide sullo stato di quotazione della società sul Nasdaq Capital Market.
Oak Woods è nelle fasi finali del completamento della revisione finanziaria e sta collaborando con revisori indipendenti per completare le procedure residue. La società sottolinea che il ritardo non è dovuto a disaccordi con i revisori e prevede di presentare il Modulo 10-K tempestivamente al termine della revisione.
Oak Woods Acquisition Corporation ha recibido una notificación de deficiencia por parte de Nasdaq debido a la presentación tardía de su Informe Anual (Formulario 10-K) correspondiente al período finalizado el 31 de diciembre de 2024. La notificación, recibida el 24 de abril de 2025, indica incumplimiento con la Regla de Listado Nasdaq 5250(c)(1).
La empresa tiene un plazo de 60 días calendario para presentar un plan de cumplimiento. Si Nasdaq acepta el plan, podrá extender el período de cumplimiento hasta 180 días calendario desde la fecha original de vencimiento, es decir, hasta el 13 de octubre de 2025. Actualmente, esta notificación no afecta el estado de cotización de la empresa en The Nasdaq Capital Market.
Oak Woods está en las etapas finales de completar su auditoría financiera y trabaja con auditores independientes para finalizar los procedimientos restantes. La empresa enfatiza que el retraso no se debe a desacuerdos con los auditores y espera presentar el Formulario 10-K de manera oportuna una vez finalizada la auditoría.
Oak Woods Acquisition Corporation는 2024년 12월 31일로 종료되는 기간의 연례 보고서(Form 10-K) 제출 지연으로 인해 Nasdaq로부터 결함 통지를 받았습니다. 2025년 4월 24일에 받은 이 통지는 Nasdaq 상장 규칙 5250(c)(1)을 준수하지 않았음을 나타냅니다.
회사는 60일(달력 기준) 이내에 준수 계획을 제출해야 합니다. Nasdaq이 계획을 승인하면 원래 마감일로부터 최대 180일(달력 기준)까지 준수 기간을 연장할 수 있으며, 이는 2025년 10월 13일까지입니다. 현재 이 통지는 회사의 Nasdaq Capital Market 상장 상태에 영향을 미치지 않습니다.
Oak Woods는 재무 감사 마무리 단계에 있으며 독립 감사인과 협력하여 남은 절차를 완료하고 있습니다. 회사는 지연이 감사인과의 이견 때문이 아니며 감사 완료 후 즉시 Form 10-K를 제출할 예정임을 강조합니다.
Oak Woods Acquisition Corporation a reçu une notification de carence de la part de Nasdaq en raison du retard dans le dépôt de son rapport annuel (Formulaire 10-K) pour la période se terminant le 31 décembre 2024. La notification, reçue le 24 avril 2025, indique un non-respect de la règle de cotation Nasdaq 5250(c)(1).
La société dispose de 60 jours calendaires pour soumettre un plan de conformité. Si Nasdaq accepte ce plan, elle peut prolonger la période de conformité jusqu'à 180 jours calendaires à partir de la date d'échéance initiale, soit jusqu'au 13 octobre 2025. Actuellement, cette notification n'affecte pas le statut de cotation de la société sur le Nasdaq Capital Market.
Oak Woods est dans les phases finales de la finalisation de son audit financier et collabore avec des auditeurs indépendants pour achever les procédures restantes. La société souligne que le retard n'est pas dû à un désaccord avec les auditeurs et prévoit de déposer le formulaire 10-K rapidement après la fin de l'audit.
Oak Woods Acquisition Corporation hat von Nasdaq eine Mängelmitteilung wegen verspäteter Einreichung ihres Jahresberichts (Formular 10-K) für den Zeitraum bis zum 31. Dezember 2024 erhalten. Die Mitteilung, die am 24. April 2025 einging, weist auf die Nichteinhaltung der Nasdaq-Listenregel 5250(c)(1) hin.
Dem Unternehmen wurden 60 Kalendertage zur Einreichung eines Compliance-Plans gewährt. Wenn Nasdaq den Plan akzeptiert, kann die Compliance-Frist bis zu 180 Kalendertage ab dem ursprünglichen Fälligkeitsdatum verlängert werden, also bis zum 13. Oktober 2025. Diese Mitteilung hat derzeit keinen Einfluss auf den Börsenstatus des Unternehmens am Nasdaq Capital Market.
Oak Woods befindet sich in den letzten Phasen der Fertigstellung der Finanzprüfung und arbeitet mit unabhängigen Prüfern zusammen, um die verbleibenden Verfahren abzuschließen. Das Unternehmen betont, dass die Verzögerung nicht auf Meinungsverschiedenheiten mit den Prüfern zurückzuführen ist und erwartet, das Formular 10-K nach Abschluss der Prüfung zeitnah einzureichen.
- Company still maintains Nasdaq listing status while working to resolve the issue
- Company reports being in final stages of completing the 2024 financial audit
- No disagreements reported with auditors regarding the delayed filing
- Non-compliance with Nasdaq Listing Rule 5250(c)(1) due to delayed 10-K filing
- Company failed to file Annual Report by deadline
- Risk of potential delisting if compliance plan is not accepted or executed by October 13, 2025
New York, April 30, 2025 (GLOBE NEWSWIRE) -- Oak Woods Acquisition Corporation. (Nasdaq: OAKU) (the “Company”) today announced it received a delinquency notification letter from Nasdaq on April 24, 2025, which indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the delayed filing of the Company’s Annual Report on Form 10-K for the period ended December 31, 2024 (the “Annual Report”). The Nasdaq Listing Rule requires listed companies to timely file all required periodic financial reports with the U.S. Securities and Exchange Commission (the “SEC”). This notification has no immediate effect on the listing of the Company’s securities on Nasdaq.
The Notice states that the Company has 60 calendar days to submit a plan to regain compliance and if the Nasdaq accepts such plan, the Nasdaq can grant an exception of up to 180 calendar days from the Annual Report’s due date, or until October 13, 2025 (the “Compliance Date”), to regain compliance. The Notification Letter does not impact the Company’s listing on The Nasdaq Capital Market at this time.
The Company is currently in the final stages of completing the audit of its financial statements for the fiscal year ended December 31, 2024. While the Company has not yet filed its Annual Report on Form 10-K, it is working diligently with its independent registered public accounting firm to complete the remaining audit procedures. The delay in filing is not due to any disagreement with the Company's auditors and the Company expects to file the Form 10-K promptly upon completion of the audit review process.
About Oak Woods Acquisition
Oak Woods Acquisition Corporation is a blank check company organized for the purpose of effecting a merger, capital stock exchange, asset acquisition, or other similar business combination with one or more businesses or entities. On August 11, 2023, Oak Woods Acquisition Corporation, a Cayman Islands corporation (“Oak Woods”), entered into a Merger Agreement and Plan of Reorganization (the “Merger Agreement”) with Oak Woods Merger Sub, Inc., a Cayman Islands corporation and a wholly owned subsidiary of Oak Woods (“Merger Sub”), Huajin (China) Holdings Limited, a Cayman Islands corporation (“Huajin”) and Xuehong Li, in his capacity as the representative of the Huajin shareholde (“Shareholders’ Representative”), as amended by its agreement to extend the date by which a Business Combination is required to be completed to June 28, 2024, dated March 23, 2024, and subsequently by the First Amendment to the Merger Agreement entered into by Oak Woods, Huajin, Merger Sub, and the Shareholders’ Representative on June 26, 2024 extending the time to complete its business combination to September 28, 2024.
On October 1, 2024 the Company announced that, as approved by the shareholders of the Company at the Extraordinary General Meeting adjourned from September 25, 2024 and held on September 26, 2024 (the “September EGM”), the following proposals were approved thereby amending the Amended and Restated Articles and Memorandum of Association of the Company to give the Company the right to extend the date by which the Company has to complete a business combination from September 28, 2024 to March 28, 2025, by depositing into the Trust Account
On March 26, 2025 the Company announced that, as approved by the shareholders of the Company at the Extraordinary General Meeting held on March 20, 2025 (the “March EGM”), the following proposals were approved thereby amending the Amended and Restated Articles and memorandum of Association to give the Company the right to extend the date by which the Company has to complete a business combination from March 28, 2025 to September 28, 2025, by depositing into the Trust Account
Forward Looking Statements
This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward- looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
Contact:
Lixin Zheng
Chief Executive Officer
Oak Woods Acquisition Corporation
(+1) 403-561-7750
FAQ
Why did Oak Woods (OAKUU) receive a Nasdaq deficiency notice in April 2025?
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