Greencity Acquisition Corporation Announces Receipt of Notice from Nasdaq Regarding the Determination of Delisting By Investing.com

Greencity Acquisition Company (GRCY) (the “Company”) today that it has received a notice (“Notice”) from the Listing Qualifications Department of NASDAQ (“Nasdaq”) at May 22, 2023. The notification informed the Company that based on a review of personnel and materials provided by the Company on April 18th And May 12, 2023 (“Submission”), the employees have decided to deny the Company’s application to continue listing on the Nasdaq Capital Market.

Accordingly, the company’s securities will be delisted NASDAQ. In this regard, unless the company requests an appeal of this decision, the trading of the company’s securities will be suspended upon the opening of the business in June 1, 2023Form 25-NSE will be submitted to Securities and Exchange Commission (the “SEC), which will result in the removal of the company’s securities from listing and registration NASDAQ.

The company may appeal the employees’ decision to a listening panel, in accordance with the procedures set forth in the Nasdaq listing of the Rule 5800 Series. Hearing and Extended Stay applications must be submitted electronically through the Nasdaq Listing Center, and must be received no later than 4:00 ET on May 30, 2023.