Qomolangma Acquisition Corp. faces Nasdaq compliance challenge

Qomolangma Acquisition Corp. (Nasdaq: QOMO) has recently been notified by The Nasdaq Stock Market LLC about its non-compliance with Nasdaq Listing Rule 5250(c)(1) due to a delay in filing its Form 10-K for the period ended December 31, 2023. While this notice does not immediately impact the company's listing on Nasdaq, failure to rectify the situation could result in delisting.

Under Nasdaq regulations, the company has 60 days to submit a plan to regain compliance. If the plan is accepted, Qomolangma Acquisition Corp. may be granted an additional 180 days to file the Form 10-K. However, if Nasdaq does not approve the plan, the company has the option to appeal to a Nasdaq Hearings Panel. Qomolangma Acquisition Corp. is striving to file the Form 10-K within the stipulated 60-day period to avoid the necessity of a formal compliance plan.

Qomolangma Acquisition Corp. is a special purpose acquisition company based in Delaware, focusing on potential business combinations. The company's press release contains forward-looking statements, which are subject to specific conditions detailed in its registration statement and prospectus filed with the SEC. Qomolangma Acquisition Corp. is committed to updating these statements as mandated by law.

It is crucial for Qomolangma Acquisition Corp. to address the non-compliance issue promptly to maintain its listing on Nasdaq. By submitting a comprehensive plan within the given timeframe, the company aims to avoid potential delisting and continue pursuing its business objectives.