Oak Woods Acquisition Corp 8-K
Research Summary
AI-generated summary
Oak Woods Acquisition Corp Faces Nasdaq Delisting; Hearing Set Mar 24, 2026
What Happened
Oak Woods Acquisition Corp (OAKU) filed an 8-K (Item 3.01) disclosing that Nasdaq's Listing Qualifications Staff determined to delist the company's securities. The company received the delisting determination on February 5, 2026, timely requested a hearing to appeal, and on February 17, 2026 was notified that a hearing before the Nasdaq Hearings Panel is scheduled for March 24, 2026 at 12:00 p.m. Eastern Time (to be held by video conference). OAKU says it will present a plan to comply with Nasdaq’s listing requirements, including annual meeting and round-lot holder obligations.
Key Details
- Nasdaq delisting determination received: February 5, 2026.
- Hearing scheduled: March 24, 2026 at 12:00 p.m. ET (video conference); company appealed and requested the hearing.
- Company cites a 36-month window to complete a business combination from the March 23, 2023 effective date of its registration statement (i.e., the window is nearing its March 23, 2026 expiration).
- Company intends to present a plan to meet Nasdaq’s initial and continued listing rules, including annual meeting and round-lot holder obligations.
Why It Matters
The Nasdaq delisting determination and the March 24 hearing will determine whether OAKU remains listed on Nasdaq. That outcome affects trading liquidity, visibility, and could influence investor decisions. The company’s stated plan to demonstrate compliance with Nasdaq rules and the imminent end of its 36‑month business-combination window are the central facts investors should watch in the lead-up to the hearing.