Northview acquisition corporation announces receipt of notice from nasdaq regarding failure to complete initial business combination

New york, ny, dec. 26, 2024 (globe newswire) -- northview acquisition corporation (nasdaq: nvac) (the “company”) announced that it has received a notice (the “notice”) from the listing qualifications department of the nasdaq stock market llc (“nasdaq”) indicating that (i) the staff has determined that the company's securities will be delisted from the nasdaq stock market; (ii) trading of the company's common stock, rights, and warrants will be suspended at the opening of business on december 27, 2024; and (iii) a form 25-nse will be filed with the securities and exchange commission (the “sec”), which will remove the company's securities from listing on the nasdaq stock market. pursuant to nasdaq listing rule im-5101-2, a special purpose acquisition company must complete one or more business combinations within 36 months of the effectiveness of its ipo registration statement. since the company failed to complete its initial business combination by december 20, 2024, the company did not comply with im-5101-2, and its securities are now subject to delisting.
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