Announcement • Feb 16
The Nasdaq Stock Market to Delist the Ordinary Shares of Rose Hill Acquisition The Nasdaq Stock Market announced on February 13, 2024, that it will delist the unit, ordinary shares, and warrants of Rose Hill Acquisition Corporation. Rose Hill Acquisition Corporation’s securities were suspended on November 21, 2023, and have not traded on Nasdaq since that time. Announcement • Nov 26
Nasdaq Determines Rose Hill Acquisition's Ordinary Shares To Be Delisted from the Nasdaq Capital Market As previously disclosed, on July 26, 2023, Rose Hill Acquisition Corporation received a delisting determination letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying Rose Hill that (i) it had not regained compliance with Nasdaq Listing Rule 5550(a)(4) requiring a minimum of 500,000 publicly held shares and (ii) Rose Hill’s Class A ordinary shares (the “Ordinary Shares”), warrants and units are subject to delisting from The Nasdaq Capital Market. On November 17, 2023, Rose Hill received written notice from Nasdaq notifying Rose Hill that, since no material progress towards implementing Rose Hill’s plan of compliance had been made, Nasdaq has determined that the Ordinary Shares shall be delisted from The Nasdaq Capital Market, unless Rose Hill requests that the Nasdaq Listings and Hearing Review Counsel review this decision. Rose Hill does not intend to make such a request. Rose Hill’s Ordinary Shares were suspended from trading on The Nasdaq Capital Market on the open of business on November 21, 2023. If Rose Hill’s Board of Directors determines that it is unable to complete an initial business combination on or prior to January 18, 2024, Rose Hill will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account including interest earned on the funds held in the Trust Account and not previously released to pay Rose Hill’s franchise and income taxes (less up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding Public Shares, which redemption will completely extinguish Public Shareholders rights as shareholders (including the right to receive further liquidating distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of Rose Hill’s remaining shareholders and Rose Hill’s board of directors, dissolve and liquidate, subject in each case to Rose Hill’s obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law. Announcement • Nov 22
Rose Hill Acquisition Corporation(NasdaqCM:ROSE) dropped from NASDAQ Composite Index Rose Hill Acquisition Corporation has been dropped from NASDAQ Composite Index.