Oak Woods Acquisition Corp Faces Nasdaq Delinquency Notice

In a recent development, Oak Woods Acquisition Corporation, a blank check company based in Nepean, Canada, has received a delinquency notice from Nasdaq. The notice, dated May 27, 2025, highlights the company’s failure to file its Q1 2025 Form 10-Q on time, putting it at risk of non-compliance with Nasdaq Listing Rule 5250(c)(1).

Despite this setback, Oak Woods Acquisition Corp remains in the final stages of completing its Q1 2025 10-Q report. The company has assured stakeholders that there are no immediate impacts on its Nasdaq listing status and that there are no disagreements with auditors regarding the delayed filing. Nasdaq has the discretion to grant an extension of up to 180 days for compliance, which could provide the company with additional time to rectify the situation.

However, the company faces a critical deadline. If compliance is not achieved by November 17, 2025, there is a risk of potential delisting from Nasdaq. This situation underscores the importance of timely financial reporting, as delays can significantly impact investor confidence.

As of May 26, 2025, Oak Woods Acquisition Corp’s close price stood at $11.75, matching its 52-week high. The company’s market capitalization is approximately $58.93 million, with a price-to-earnings ratio of 518.53, reflecting its current financial standing.

The company’s primary objective remains to acquire one or more businesses and assets through various means, including mergers, capital stock exchanges, asset acquisitions, stock purchases, and reorganizations. As it navigates this compliance challenge, Oak Woods Acquisition Corp will need to maintain transparency and diligence to reassure investors and stakeholders of its commitment to its strategic goals.

In summary, while the delinquency notice presents a hurdle, Oak Woods Acquisition Corp is actively working towards resolving the issue and maintaining its Nasdaq listing. The coming months will be crucial as the company strives to meet regulatory requirements and uphold investor trust.