Item 8.01 Other Events.
On June 23, 2022, AGBA Acquisition Limited (the "Company" or "AGBA") received
notice that the Nasdaq Office of General Counsel that the Nasdaq Hearings Panel
(the "Panel") has granted the Company's request for continued listing on The
Nasdaq Stock Market ("Nasdaq") through November 14, 2022 (the "Extended Date").
As previously disclosed, the Company received a notice from Nasdaq on May 16,
2022 indicating that, unless the Company timely requests a hearing before the
Nasdaq Hearings Panel (the "Panel"), the Company's securities (units, ordinary
shares, warrants, and rights) would be subject to suspension and delisting from
The Nasdaq Capital Market due to the Company's non-compliance with Nasdaq
IM-5101-2, which requires that a special purpose acquisition company must
complete one or more business combinations within 36 months of the effectiveness
of its IPO registration statement. The Company timely requested a hearing before
the Panel and the hearing was held on June 16, 2022.
The Panel's decision is subject to, among other things, (i) the Company holding
a shareholders' meeting and obtaining shareholders' approval for a business
combination on or before October 31, 2022; (ii) the Company's completion of the
business combination transaction on or before November 14, 2022; and (iii) the
Company's demonstration of compliance with all initial listing standards
required by The Nasdaq Capital Market on or before November 14, 2022.
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