HONG
KONG, Aug. 19, 2024 /PRNewswire/ --
Metalpha Technology Holding Limited (Nasdaq: MATH) (the
"Company" or "Metalpha"), a global
digital asset-focused wealth management company, today announced
that on August
15, 2024
it has received a written notice from The Nasdaq Stock Market
LLC (the "Nasdaq") which states that, as a result of
not having timely filed its annual report on Form 20-F for the
fiscal year ended March 31,
2024 (the
"2024 Form
20-F"), Metalpha is not in compliance with
Nasdaq Listing Rule 5250(c)(1), which requires timely filing of
periodic reports with the Securities and Exchange Commission (the
"SEC"). This notice has no immediate effect on the
listing or trading of Metalpha's ordinary shares on the Nasdaq
Capital Market.
The Company is required by Nasdaq to submit
its plan to regain compliance within 60 calendar days, or no later
than October
14,
2024. If the plan is accepted by Nasdaq,
the Company can be granted up to 180 calendar days from the
2024 Form 20-F's due date, or until
February
10,
2025, to regain compliance.
The Company was not able to file the
2024 Form 20-F by its due date primarily
due to the additional time needed to prepare the
2024 Form 20-F, as set forth in the Form
12b-25 submitted to the SEC on July
31, 2024. Metalpha continues to
work diligently to complete the 2024 Form
20-F and strives to file it with the SEC as soon as reasonably
practicable.
About Metalpha Technology Holding
Limited
Founded in 2015, Metalpha Technology
Holding Limited (Nasdaq: MATH) went public on October 20, 2017. The listed Company, through its
subsidiaries, is dedicated to providing investing and wealth
management services with a full-service, institutional-grade
platform. With dedicated blockchain expertise, the Company aims to
become a leader in the field of crypto wealth management services,
bringing robust innovation and transparency to the customers and
businesses it serves.
Forward-Looking
Statements
This press release contains statements that
may constitute "forward-looking" statements pursuant to the "safe
harbor" provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "aims,"
"future," "intends," "plans," "believes," "estimates," "likely to"
and similar statements. Management has based these forward-looking
statements on its current expectations, assumptions, estimates and
projections. While they believe these expectations, assumptions,
estimates and projections are reasonable, such forward-looking
statements are only predictions and involve known and unknown risks
and uncertainties, many of which are beyond management's
control. These statements involve risks and
uncertainties that may cause Metalpha's actual results, performance
or achievements to differ materially from any future results,
performance or achievements expressed or implied by these
forward-looking statements.
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SOURCE Metalpha Technology Holding Limited