Malacca Straits Acquisition Company Limited Announces Termination of Merger Agreement with Indiev, Inc and its Intention to LiquidateNew York, NY, June 13, 2023 (GLOBE NEWSWIRE) -- Malacca Straits Acquisition Company Limited (“Malacca”) (Nasdaq: MLAC) announced, announced today that (i) Malacca, Indiev, Inc and certain other parties have mutually agreed to terminate their previously announced Agreement and Plan of Merger (the “Merger Agreement”), effective as of June 8, 2023 and (ii) it intends to liquidate as soon as practicable on June 16, 2023 and to return funds to holders of its Class A ordinary shares.
Malacca Straits Acquisition Company Limited Receives Nasdaq Notification Regarding Public FloatNew York, NY, April 26, 2023 (GLOBE NEWSWIRE) -- Malacca Straits Acquisition Company Limited (the “Company”) (Nasdaq: MLAC) announced that on April 21, 2023, it received a letter (the “Public Float Notice”) from The Nasdaq Stock Market (“Nasdaq”) notifying the Company that it no longer meets the minimum 500,000 publicly held shares required for continued listing on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(4) (the “Public Float Standard”). The Public Float Notice states that the Company has until June 5, 2023 to provide Nasdaq with a specific plan to achieve and sustain compliance with all Nasdaq Capital Market listing requirements, including the time frame for completion of its plan. If Nasdaq does not accept the Company’s plan, the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel.
