Goal Acquisitions Corp. to be delisted from Nasdaq by Investing.com

Goal Acquisitions Corp., a blank check company, is set to be delisted from the Nasdaq Stock Market, according to a recent 8-K filing with the Securities and Exchange Commission. The delisting is expected to occur on July 8, 2024, following Nasdaq’s filing of Form 25-NSE on June 28, 2024.

The Austin, Texas-based, Delaware-registered company was notified on May 7, 2024 that it had failed to comply with the ongoing requirements of Nasdaq listing, specifically Nasdaq IM-5101 and Listing Rules 5550(b)(2), 5550(a)(4) and Rule 5250(f). The reasons for non-compliance were not detailed in the filing.

Following the suspension of trading on the Nasdaq Stock Exchange on May 23, 2024, the company’s securities, consisting of units consisting of one common share and one redeemable warrant, the common shares and the redeemable warrants, began trading on the OTC Pink Market under the symbols “PUCKU”, “PUCK” and “PUCKW”, respectively.

The deregistration of Goal Acquisitions Corp. securities under Section 12(b) of the Securities Exchange Act of 1934 is expected to be effective 90 days after the filing of the Form 25, subject to such shorter period as may be prescribed by the SEC. Notwithstanding the delisting and deregistration under Section 12(b), the company’s securities will remain registered under Section 12(g) of the Exchange Act.

Goal Acquisitions Corp. is classified in the “Blank Checks” industry with SIC code 6770 and operates under the organization name “05 Real Estate & Construction.” The impact of the delisting on the company’s operations and the interests of its stakeholders is not immediately clear in the filing.

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