Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On January 5, 2023, Edoc Acquisition Corp. (the "Company") received written
notice from the Listing Qualifications Department (the "Staff") of The Nasdaq
Stock Market LLC ("Nasdaq") indicating the Company's inability to hold its
annual meeting of shareholders for the fiscal year ended December 31, 2021 (the
"Annual Meeting") pursuant to Nasdaq Listing Rule 5620(a) serves as an
additional basis for delisting the Company's securities from Nasdaq.
The Company originally received a determination from the Staff on October 13,
2022 to delist the Company's securities on grounds that the Company is not in
compliance with Nasdaq Listing Rule 5550(b)(2) because of its failure to meet
the minimum Market Value of Listed Securities ("MVLS") requirement for continued
listing, since the Company's Class A ordinary shares, par value $0.0001 per
share, was below the $35 million minimum MVLS requirement. As reported on the
Company's Report on Form 8-K dated December 27, 2022, the Company appealed the
Staff's determination and on December 20, 2022, the Nasdaq Hearing's Panel (the
"Panel") granted the Company conditional approval to remain listed on Nasdaq
until April 11, 2023.
As of January 10, 2023, the Company has submitted a plan of compliance to the
Panel with respect to the Annual Meeting deficiency.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
104 Cover Page Interactive Data File
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