Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
As previously disclosed in the Notification of Late Filing on Form 12b-25 filed
on May 15, 2023 by Liberty Resources Acquisition Corp., a Delaware corporation
(the "Company"), with the Securities and Exchange Commission, the Company
determined that it required additional time to complete its Quarterly Report on
Form 10-Q for the period ended March 31, 2023 (the "Q1 10-Q") within the
prescribed time period and expected to receive notice from the Listing
Qualifications Department of The NASDAQ Stock Market LLC ("NASDAQ") that the
Company is not in compliance with NASDAQ Listing Rule 5250(c)(1). The Company
received such notice (the "Letter") on May 24, 2023, which has no immediate
effect on the listing or trading of the Company's common stock on the NASDAQ
Global Select Market. Pursuant to the Letter, by July, 23 2023 (60 calendar days
of the date of Letter) the Company is required to submit a plan to regain
compliance with NASDAQ's filing requirements for continued listing, upon
acceptance of which NASDAQ may grant an extension of up to 180 days for the
Company to regain compliance with NASDAQ's filing requirements for continued
listing. The Company anticipates that it will file the Q1 10-Q prior to July 23,
2023, eliminating the applicability of submission a formal plan to regain
compliance.
A press release dated May 30, 2023, disclosing the Company's receipt of the
Compliance Letter is attached as Exhibit 99.1.
Item 9.01. Exhibits.
Exhibit
Number Description of Exhibit
99.1 Press Release, dated May 30, 2023.
104 Cover Page Interactive Data File (Embedded within the Inline XBRL
document and included in Exhibit).
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