M&A: Marblegate Acquisition Corp.

Form Type: 8-K

Filing Date: 2025-01-02

Corporate Action: Merger

Type: New

Accession Number: 000119312525000637

Comments: On December 13, 2024, Marblegate Acquisition Corp. received confirmation from the Nasdaq Hearings Panel that it may continue its listing on Nasdaq until March 31, 2025, due to non-compliance with Listing Rule IM-5101-2. This rule mandates that special purpose acquisition companies complete business combinations within 36 months after their registration statement becomes effective. The decision follows the company's request for a hearing, which was held on November 19, 2024. The company must complete its proposed business combination with DePalma Acquisition I LLC and DePalma Acquisition II LLC by the extended date, ensuring compliance with listing requirements. Should it fail to do so, trading of its securities could be suspended.

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