Announcement • Sep 14
The New York Stock Exchange to Suspend Trading in Zalatoris Acquisition The New York Stock Exchange LLC announced that the staff of NYSE Regulation has determined to immediately suspend trading in the three securities enumerated below of Zalatoris Acquisition Corp. from the NYSE. Class A Common Stock, 0.0001 par value per share; Units, each consisting of one share of Class A Common Stock and one Redeemable Warrant; Redeemable Warrants, each warrant exercisable for one share of Class A Common Stock at an exercise price of 11.50 per share. On August 19, 2024, the NYSE announced that it was commencing proceedings to delist the Company. The Company had the right to request a review of this determination by a Committee of the Board of Directors of the Exchange. The Company confirmed to the NYSE that it will not exercise that right. Accordingly, the NYSE will now suspend trading in the Securities and will file a delisting application with the Securities and Exchange Commission. Announcement • Sep 07
The New York Stock Exchange to Suspend Trading in Zalatoris Acquisition's Securities The New York Stock Exchange LLC (‘NYSE’ or ‘Exchange’) announced that the staff of NYSE Regulation has determined to immediately suspend trading in Class A Common Stock, $0.0001 par value per share; Units, each consisting of one share of Class A Common Stock and one Redeemable Warrant and Redeemable Warrants, each warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share of Zalatoris Acquisition Corp. (the ‘Company’) from the NYSE. On August 19, 2024, the NYSE announced that it was commencing proceedings to delist the Company. The Company had the right to request a review of this determination by a Committee of the Board of Directors of the Exchange. The Company confirmed to the NYSE that it will not exercise that right. Accordingly, the NYSE will now suspend trading in the Securities and will file a delisting application with the Securities and Exchange Commission. Announcement • Aug 21
NYSE to Commence Delisting Proceedings Against Zalatoris Acquisition Corp The New York Stock Exchange LLC (“NYSE” or “Exchange”) announced that the staff of NYSE Regulation has determined to commence proceedings to delist Class A Common Stock, $0.0001 par value per share; Units, each consisting of one share of Class A Common Stock and one Redeemable Warrant and Redeemable Warrants, each warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share of Zalatoris Acquisition Corp. (the “Company”) from the NYSE. NYSE Regulation reached its decision to delist the Company’s Securities pursuant to Section 802.02 of the NYSE Listed Company Manual because the Company was unable to demonstrate that it had regained compliance with the requirement to maintain a minimum of 300 public stockholders as required by Section 802.01B of the NYSE Listed Company Manual by the end of the maximum 18-month compliance plan period. The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange (the “Committee”). The NYSE will announce a suspension date at such time as i) the Company does not request a review by the Committee within 10 business days of this notice, ii) the Company determines that it does not intend to appeal, iii) the subsequent review of the Committee determines that the Company should be suspended, or iv) there are other material developments. After the suspension announcement, the NYSE would then apply to the Securities and Exchange Commission to delist the Company’s Securities. Board Change • Aug 15
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 3 experienced directors. No highly experienced directors. CFO & Director Pantelis Dimitriou is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • May 17
Zalatoris Acquisition Corp. announced delayed 10-Q filing On 05/15/2024, Zalatoris Acquisition Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Apr 24
Zalatoris Acquisition Receives Written Notification Letter from NYSE Regulation Due to Fails to File its Annual Report on Form 10-K On April 1, 2024, Zalatoris Acquisition Corp. (the ‘Company’) filed with the Securities and Exchange Commission (the ‘SEC’) filed a Notification of Late Filing on Form 12b-25 (the ‘NT 10-K’) providing notice that it was unable, without unreasonable effort or expense, to file its Annual Report on Form 10-K for the fourth quarter and fiscal year ended December 31, 2023 (the ‘2023 Form 10-K’) by the prescribed due date because the Company needed additional time to complete the financial statements for the fourth quarter and fiscal year ended December 31, 2023 (the ‘Financial Statements’), and the Company’s independent registered public accounting firm would also be needing additional time to complete its review and audit of the Financial Statements. On April 16, 2024, which was the last day of the fifteen-day grace period the SEC provides after filing the NT 10-K, the Company was unable to file the 2023 Form 10-K, given the need for additional time to complete Financial Statements and provide the completed 2023 Form 10-K to its independent auditors so that they can complete their review and audit of the Financial Statements. On April 17, 2024, because the Company failed to timely file the 2023 Form 10-K, it received a written notification letter (the ‘Letter’) from NYSE Regulation (the ‘NYSE’). The Letter states that if the Company fails to file the 2023 Form 10-K by 2:30 pm on April 22, 2024 (the ‘Deadline’), the NYSE will post the Company to the late filers list on the Listing Standards Filing Status page pursuant to Section 802.01E of the Listed Company Manual. The Company anticipates that it will file the 2023 Form 10-K by the Deadline. The Letter has no immediate effect on the listing or trading of the Company’s common stock on NYSE. Announcement • Apr 02
Zalatoris Acquisition Corp. announced delayed annual 10-K filing On 04/01/2024, Zalatoris Acquisition Corp. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Board Change • Dec 31
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 3 experienced directors. No highly experienced directors. CFO & Director Pantelis Dimitriou is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Dec 24
Zalatoris Acquisition Corp., Annual General Meeting, Dec 29, 2023 Zalatoris Acquisition Corp., Annual General Meeting, Dec 29, 2023. Announcement • Dec 09
Zalatoris Acquisition Corp., Annual General Meeting, Dec 18, 2023 Zalatoris Acquisition Corp., Annual General Meeting, Dec 18, 2023, at 08:00 US Eastern Standard Time. Agenda: To amend the company’s Amended and Restated Certificate of Incorporation dated as of June 12, 2023 to provide for the right of the holders of Class B common stock of Zalatoris, par value $0.0001 per share to convert such shares of Zalatoris Class B Common Stock into shares of Class A common stock of Zalatoris, par value $0.0001 per share on a one-to-one basis at the election of such holders; to elect the five directors named in this Proxy Statement for a three-year term expiring in 2026 or until their successor has been duly elected and qualified or until their earlier resignation, removal or death; to ratify the appointment of Marcum LLP as company independent registered public accounting firm for the year ending December 31, 2023; and to consider other matters. Board Change • Nov 14
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Niall Ennis was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 13
Zalatoris Acquisition Corp Appoints Sarah Watson to the Board of Directors On September 28, 2023, Zalatoris Acquisition Corp. announced that Ms. Sarah Watson, who was appointed to the board of directors of the Company on June 2, 2023, has stepped down from her position as a director of the Company as of July 26, 2023. Ms. Watson’s resignation was not the result of any disagreement with management or the Company on any matter relating to the Company’s operations, policies or practices. On September 7, 2023, Ms. Watson’s vacant seat on the Board was filled by Mr. Stephanos Papadopoulos. Mr. Papadopoulos has worked in C Suite, Advisory Board and Board Director level positions in strategy finance and operations, as well as a consultant and coach on an international basis in numerous industries, including financial services, FMCG, retail trade, manufacturing, high tech, education, mining, construction, heavy machinery trading and automobile trade. Mr. Papadopoulos holds both a Bachelor’s Degree and Master’s Degree in Business Administration from Michigan State University as is both a qualified CPA and CGMA, and a member of the American Institute of Certified Public Accountants. Mr. Papadopoulos does not have a family relationship with any director or executive officer of the Company or person nominated or chosen by Company to become a director or executive officer, and there are no arrangements or understandings between Mr. Papadopoulos and any other person pursuant to which Mr. Papadopoulos was selected to the Board. There have been no transactions involving Mr. Papadopoulos that would require disclosure under Item 404(a) of Regulation S-K under the Securities Exchange Act of 1934, as amended. Announcement • Jan 20
Trajectory Alpha Acquisition Receives Continued Listing Standard Notice from NYSE Trajectory Alpha Acquisition Corp. (the "Company") announced that on January 12, 2023 the Company was notified by the New York Stock Exchange (the "NYSE") that the Company is not in compliance with the NYSE's continued listing standard that requires all listed companies to have a minimum of 300 public stockholders on a continuous basis. The NYSE notification has no impact on the Company's business operations. Under the NYSE's rules, the Company has 45 days to present a business plan to the NYSE that demonstrates how the Company intends to cure the deficiency within 18 months of the date of the NYSE notice. During this 18 month period, the Company's Class A common stock will continue to be traded on the NYSE, subject to the Company's compliance with other NYSE listing requirements. The Company will respond to the NYSE to confirm its intent to cure this noncompliance. The Company expects that upon completion of its initial business combination it will have at least 300 public stockholders. The NYSE notification does not affect the Company's Securities and Exchange Commission reporting requirements. 
