Oak Woods Acquisition Corporation faces a Nasdaq compliance issue due to delayed financial reporting, with a remedy plan due by October 21, 2025.
Quiver AI Summary
On August 22, 2025, Oak Woods Acquisition Corporation received a notification from Nasdaq stating that the company was not in compliance with Nasdaq Listing Rule 5250(c)(1) due to a delay in filing its Quarterly Report for the period ended June 30, 2025. The company has until October 21, 2025, to submit a plan to regain compliance, and if accepted, Nasdaq may grant an exception of up to 180 days to rectify the situation. Despite the notification, the company's listing on The Nasdaq Capital Market remains unaffected for now. The press release also includes forward-looking statements regarding the company's initial public offering and the use of proceeds, noting that these statements are subject to various risks and uncertainties.
Potential Positives
- The company has been granted a 60-day period to submit a plan to regain compliance with Nasdaq's filing requirements.
- Nasdaq has indicated that if the plan is accepted, the company could receive an extension of up to 180 days to regain compliance.
- The notification does not currently affect the company's listing on The Nasdaq Capital Market.
Potential Negatives
- The Company has received a notification from Nasdaq for failing to comply with listing rules, indicating potential instability in its financial reporting practices.
- The delay in filing the required Quarterly Report raises concerns about the Company’s internal operations and financial management.
- Failure to regain compliance by the provided deadline could result in more severe consequences, including potential delisting from Nasdaq in the future.
FAQ
What caused Oak Woods Acquisition Corporation's non-compliance with Nasdaq rules?
The non-compliance was due to a delay in filing the Quarterly Report on Form 10-Q for the period ended June 30, 2025.
What is the deadline for Oak Woods to submit a compliance plan?
Oak Woods has until October 21, 2025, to submit a plan to regain compliance with Nasdaq rules.
What happens if Nasdaq accepts the compliance plan?
If accepted, Nasdaq may grant an extension of up to 180 days to regain compliance by February 16, 2026.
Will this notification impact Oak Woods' listing on Nasdaq?
The Notification Letter does not currently impact the Company’s listing on The Nasdaq Capital Market.
Where can I find the risk factors related to Oak Woods Acquisition's forward-looking statements?
The risk factors can be found in the Company's registration statement and prospectus available on the SEC's website, www.sec.gov.
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 Insider Trading Activity
$OAKU insiders have traded $OAKU stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $OAKU stock by insiders over the last 6 months:
- SECURITIES USA LLC MIZUHO sold 61,100 shares for an estimated $727,701
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$OAKU Hedge Fund Activity
We have seen 7 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:
- TORONTO DOMINION BANK removed 444,963 shares (-66.0%) from their portfolio in Q2 2025, for an estimated $5,206,067
- WESTCHESTER CAPITAL MANAGEMENT, LLC removed 275,515 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $3,184,953
- TABOR ASSET MANAGEMENT, LP removed 120,000 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $1,404,000
- HEIGHTS CAPITAL MANAGEMENT, INC removed 90,000 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $1,040,400
- FIR TREE CAPITAL MANAGEMENT LP removed 82,210 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $950,347
- WOLVERINE ASSET MANAGEMENT LLC added 27,237 shares (+8.8%) to their portfolio in Q2 2025, for an estimated $318,672
- METEORA CAPITAL, LLC removed 25,352 shares (-5.6%) from their portfolio in Q2 2025, for an estimated $296,618
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
ONTARIO, CANADA, Aug. 28, 2025 (GLOBE NEWSWIRE) -- On August 22, 2025, Oak Woods Acquisition Corporation (the “Company”) received written notice (the “Notification Letter”) from the Nasdaq Stock Market LLC (“Nasdaq”), which indicated that, as a result of the Company’s delay in filing its Quarterly Report on Form 10-Q for the period ended June 30, 2025 (the “Quarterly Report”), the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”), which requires Nasdaq-listed companies to timely file all required periodic financial reports with the U.S. Securities and Exchange Commission (the “SEC”).
The Notice states that the Company has until October 21, 2025, 60 calendar days from the date of the Notification Letter, to submit a plan to regain compliance. If the Nasdaq accepts such plan, the Nasdaq can grant an exception of up to 180 calendar days from the Quarterly Report’s due date, or until February 16, 2026 (the “Compliance Date”), to regain compliance. The Notification Letter does not impact the Company’s listing on The Nasdaq Capital Market at this time.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute "forward-looking statements," including with respect to the Company’s initial public offering, the anticipated use of the net proceeds thereof and the Company’s search for an initial business combination. No assurance can be given that the net proceeds of the initial public offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus for the initial public offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these 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 Corp.
Email:
[email protected]
Phone: (+1) 403-561-7750
