Nasdaq to delist AlphaTime Acquisition Corp (NASDAQ: ATMC) securities
Rhea-AI Filing Summary
AlphaTime Acquisition Corp reported that Nasdaq will delist its ordinary shares, warrants, rights and units because the company exceeded the maximum three-year period allowed for a special purpose acquisition company to complete its initial business combination after its IPO.
The company’s securities were suspended on January 7, 2026, and have not traded on Nasdaq since December 9, 2025. Nasdaq will file a Form 25 with the SEC, and the delisting will become effective ten days after that filing. AlphaTime Acquisition Corp intends to seek quotation of its securities on the OTC Markets after the delisting.
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- Nasdaq will delist AlphaTime Acquisition Corp’s shares, warrants, rights and units after the SPAC exceeded the three-year limit to complete a business combination.
Insights
Nasdaq delisting removes exchange listing as SPAC window expires.
AlphaTime Acquisition Corp disclosed that Nasdaq will delist its ordinary shares, warrants, rights and units because it exceeded the three-year limit for special purpose acquisition companies to complete an initial business combination after their IPO. This indicates the SPAC did not close a merger within the required timeframe, triggering automatic removal from the exchange.
The filing states that the securities were suspended on January 7, 2026 and have not traded on Nasdaq since December 9, 2025, so liquidity was already impaired before the formal delisting. Nasdaq will file a Form 25, and the delisting becomes effective ten days later, after which the securities will no longer trade on Nasdaq.
The company intends to seek quotation of its securities on the OTC Markets following the delisting. Future trading activity and liquidity will depend on whether an OTC quotation is successfully obtained and on investor interest in an unmerged SPAC trading off a national exchange.
FAQ
Why is AlphaTime Acquisition Corp (ATMC) being delisted from Nasdaq?
Which AlphaTime Acquisition Corp (ATMC) securities are affected by the delisting?
When does the AlphaTime Acquisition Corp (ATMC) Nasdaq delisting become effective?
When were AlphaTime Acquisition Corp (ATMC) securities suspended from trading on Nasdaq?
Where does AlphaTime Acquisition Corp (ATMC) plan for its securities to trade after Nasdaq delisting?
What SPAC rule caused AlphaTime Acquisition Corp (ATMC) to be delisted?