Announcement • Mar 21
Nasdaq to Delist Common Stock of Global System Dynamics Nasdaq announced that it will delist the common stock, units, and warrants of Global System Dynamics, Inc. The Company's securities were suspended on January 24, 2024, and have not traded on Nasdaq since that time. Announcement • Jan 25
Global System Dynamics, Inc.(OTCPK:GSDI) dropped from NASDAQ Composite Index Gladstone Acquisition Corporation has been removed from NASDAQ Composite Index. Announcement • Jan 24
Nasdaq Hearings Panel Decides to Delist Securities of Global System Dynamics from the Nasdaq Stock Market LLC On January 23, 2024, Global Systems Dynamics, Inc. received a written notice (the ‘Notice Letter’) from the Nasdaq Hearings Panel (‘Panel’) indicating that the Panel had decided to delist the company’s securities from the Nasdaq Stock Market LLC (‘Nasdaq’), starting on the opening of the business day on January 24, 2024, due to the company’s failure to comply with the terms of the Panel’s January 2, 2024 decision (the ‘Decision’) for Docket No. NQ 6692C-23, the company’s legal matter regarding delisting from the Nasdaq. Pursuant to the terms of the Decision, amongst other things, the company were required to submit responses to the SEC’s comment letter dated March 16, 2023, relating to the Form S-4 (such responses, the ‘Responses’) no later than January 5, 2024. On January 3, 2024, (i) the company requested a delay or removal of the January 5, 2024 deadline for the filing of the Responses and (ii) the Panel granted the company an extension to file the Responses to January 19, 2024. On January 19, 2024, the company notified the Panel that the company would not be submitting the Responses by the Panel’s deadline. Accordingly, the Panel determined to delist the company's securities from Nasdaq pursuant to the Notice Letter. The Notice Letter stated that the company could request that the Nasdaq Listing and Hearing Review Council (the ‘Council’) review the decision given in the Notice Letter, by written notice within 15 days of the date of the Notice Letter. The Notice Letter also advised that the Council may, on its own motion, determine to review any Panel decision within 45 calendar days after issuance of the Panel’s written decision. If the Council determines to review this decision, in which case the company will be immediately notified. Upon review, the Council may affirm, modify, reverse, dismiss or remand this decision to the Panel.