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Sagaliam Acquisition ( NASDAQ: SAGA ) received a delinquency notification letter from the Nasdaq due to non-compliance with the listing rule, the company said Friday.
The company received the notice due to its failure to timely file its quarterly report on Form 10-Q for the fiscal quarter ended March 31, 2023.
The company has until September 25, 2023, to submit to Nasdaq a plan to regain compliance with the listing rules.