Oak Woods Acquisition Corporation faces delisting from Nasdaq due to non-compliance with public holder and annual meeting requirements.
Quiver AI Summary
Oak Woods Acquisition Corporation announced on February 11, 2026, that it received a delisting determination from Nasdaq on February 5, 2026, due to non-compliance with the minimum requirement of 300 public holders. The company had been granted an extension until February 4, 2026, to meet this requirement but failed to do so. Additionally, the company has not complied with the requirement to hold an annual shareholders' meeting, leading to further grounds for delisting. Unless the company requests a hearing by February 12, 2026, trading of its securities will be suspended on February 17, 2026, and Nasdaq will file to remove the company's securities from listing. The company is considering its options, including the possibility of appealing the delisting decision.
Potential Positives
- The Company intends to evaluate its available options, including the possibility of requesting a hearing to appeal the Staff’s determination, which could provide a chance to stay the suspension of trading.
- This announcement indicates the Company is actively considering strategies to address its non-compliance issues, showing a willingness to engage with regulatory requirements.
- Forward-looking statements suggest that the Company is focused on regaining compliance and is strategizing its next steps, which could potentially lead to a positive outcome if successful.
- The press release demonstrates transparency in communicating with stakeholders about the current regulatory challenges faced by the Company.
Potential Negatives
- The company received a Staff Delisting Determination from Nasdaq, indicating it failed to maintain compliance with listing requirements, putting its public trading status at risk.
- Failure to comply with the minimum requirement of 300 public holders and not holding an annual meeting adds further weight to the delisting decision.
- The company has a limited timeframe to appeal the delisting decision, and there is no guarantee that any such appeal would be successful.
FAQ
What is the delisting determination for Oak Woods Acquisition Corporation?
Nasdaq has determined to delist the Company’s securities due to non-compliance with public holder requirements.
When was the delisting notification received?
The Company received the Staff Delisting Determination letter on February 5, 2026.
What are the consequences of not meeting Nasdaq requirements?
If not addressed, trading will be suspended, and a Form 25-NSE will be filed to delist the securities.
What options does the Company have following the delisting notice?
The Company may request a hearing to appeal the determination and evaluate compliance options.
What happens if the Company requests a hearing?
A timely hearing request would stay the suspension of trading and the filing of the Form 25-NSE.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$OAKU Hedge Fund Activity
We have seen 3 institutional investors add shares of $OAKU stock to their portfolio, and 9 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WOLVERINE ASSET MANAGEMENT LLC removed 336,511 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $4,038,132
- TORONTO DOMINION BANK removed 229,017 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $2,748,204
- MIZUHO SECURITIES USA LLC removed 157,191 shares (-48.9%) from their portfolio in Q4 2025, for an estimated $1,897,295
- METEORA CAPITAL, LLC removed 125,000 shares (-29.2%) from their portfolio in Q3 2025, for an estimated $1,500,000
- CROSSINGBRIDGE ADVISORS, LLC added 111,100 shares (+7223.7%) to their portfolio in Q3 2025, for an estimated $1,333,200
- KARPUS MANAGEMENT, INC. removed 57,500 shares (-14.1%) from their portfolio in Q3 2025, for an estimated $690,000
- BCK CAPITAL MANAGEMENT LP removed 37,134 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $445,608
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Nepean, Ontario, Feb. 11, 2026 (GLOBE NEWSWIRE) -- Oak Woods Acquisition Corporation (Nasdaq: OAKU, OAKUU, OAKUW, OAKUR) (the “Company”) today announced that on February 5, 2026, it received a Staff Delisting Determination letter (the “Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”).
As previously disclosed, on August 8, 2025, Nasdaq notified the Company that it was not in compliance with Nasdaq Listing Rule 5550(a)(3), which requires companies listed on the Nasdaq Capital Market to maintain a minimum of 300 public holders. The Company was subsequently granted an extension until February 4, 2026 to regain compliance.
In the February 5, 2026 Letter, Nasdaq determined that the Company did not satisfy the terms of the extension because it failed to evidence compliance with the minimum 300 public holders requirement. As a result, Nasdaq has determined to delist the Company’s securities from The Nasdaq Stock Market.
Additionally, Nasdaq noted that the Company remains non-compliant with Nasdaq Listing Rule 5620(a), which requires listed companies to hold an annual meeting of shareholders within twelve months of the end of the Company’s fiscal year. Nasdaq stated that because the Company is now subject to a Staff Delisting Determination, Nasdaq is precluded under Listing Rule 5810(c)(2)(A) from reviewing any plan of compliance relating to the annual meeting deficiency. Accordingly, the annual meeting deficiency serves as an additional basis for delisting.
Unless the Company timely requests a hearing before a Nasdaq Hearings Panel by 4:00 p.m. Eastern Time on February 12, 2026, trading of the Company’s common shares, units, warrants, and rights will be suspended at the opening of business on February 17, 2026, and Nasdaq will file a Form 25-NSE with the Securities and Exchange Commission, which will remove the Company’s securities from listing and registration on Nasdaq.
The Company intends to evaluate its available options, including whether to request a hearing to appeal the Staff’s determination. A timely hearing request would stay the suspension of trading and the filing of the Form 25-NSE pending the outcome of the hearing process. There can be no assurance that any appeal would be successful.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute “forward-looking statements,” including statements regarding the Company’s ability to request or prevail at a hearing as provided under Nasdaq’s rules, or otherwise submit a compliance plan, Nasdaq’s acceptance of such plan, and the Company’s ability to regain compliance with Nasdaq Listing Rules 5550(a)(3)and 5620(a). Forward-looking statements are subject to numerous risks and uncertainties, many of which are beyond the control of the Company, that could cause actual results to differ materially from those expressed or implied by such statements. The Company undertakes no obligation to update these forward-looking statements for revisions or changes after the date of this release, except as required by law.
Company Contact:
Lixin Zheng
Chief Executive Officer, Chief Financial Officer,
Chairman and Director
Oak Woods Acquisition Corporation
Email:
[email protected]
Phone: (+1) 403-561-7750
