Nepean, Ontario, Dec. 01, 2025 (GLOBE NEWSWIRE) — Oak Woods Acquisition Corporation (Nasdaq: OAKU) (“Oak Woods” or the “Company”) today announced that on November 25, 2025, it received a notice from Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company was not in compliance with the Nasdaq Listing Rules. 5250(c)(1) because the company has not yet filed Form 10-Q for the quarter ended September 30, 2025.
As noted in the letter, the Company was previously granted an exception until December 12, 2025 to file Form 10-Q for the quarter ended June 30, 2025 (the “Initial Delinquency Filing”). Nasdaq clarified that due to the additional delinquencies, any further exception to regain compliance on all outstanding periodic statements is limited to the period ending February 16, 2026.
In connection with this notice, the Company is required to submit to Nasdaq an updated compliance plan relating to both late filings. The updated plan must describe the steps the Company is taking to complete the initial filing of its delinquent return, outline plans for filing Form 10-Q on September 30, 2025, and provide information on the Company's progress to date. The company has until December 10, 2025 to submit an updated compliance plan or otherwise file pending reports.
The Company is working diligently to complete the outstanding documentation and intends to provide the required updated compliance plan within the timeframe specified by Nasdaq. Nasdaq's notice does not affect the Company's ongoing business operations.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute “forward-looking statements,” including with respect to the Company's initial public offering, the expected use of the net proceeds thereof and the Company's pursuit of an initial business combination. There can be no assurance that the net proceeds from the initial public offering will be used in the manner indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the Company's control, including those set forth in the “Risk Factors” section of the Company's registration statement and initial public offering prospectus filed with the SEC. Copies are available on the SEC website. www.sec.gov. The Company undertakes no obligation to update these statements for corrections or changes after the date hereof, except as required by law.
Company contact information:
Lixin Zheng
Chief Executive Officer, Financial Director,
Chairman and Director of Oak Woods Acquisition Corp.
E-mail: [email protected]
Phone: (+1) 403-561-7750
