Nasdaq Announces Delisting of Multiple Companies, Including OceanTech and Talis Biomedical

New York, September 18, 2024 – The Nasdaq Stock Market has made a significant announcement regarding the delisting of several companies' shares. Notably included are the common stock, units, and warrants of OceanTech Acquisitions I Corp.; OCA Acquisition Corp.; Assure Holdings Corp.; Selina Hospitality PLC; Maquia Capital Acquisition Corporation; ToughBuilt Industries, Inc; SunPower Corporation; Meta Materials Inc.; Talis Biomedical Corporation; and Holdco Nuvo Group D.G Ltd. There are a variety of circumstances that typically lead to such an outcome, including failure to meet listing requirements or other regulatory considerations.

Impact on Affected Companies

The decision to delist impacts not only the companies themselves but also their shareholders and potential investors. The delisting process begins with a suspension and ultimately means that the respective securities will no longer be traded on the Nasdaq platform. The suspension of OceanTech Acquisitions I Corp.'s securities initially took place on January 24, 2024, and since then, they have been absent from the Nasdaq trading environment.

Understanding Stock Tickers and Delisted Entities

The companies facing delisting have a variety of focuses and hail from diverse sectors. For clarity, the stock tickers associated with the entities undergoing delisting are as follows: OceanTech Acquisitions I Corp. OCAX, OCA Acquisition Corp. Not provided, Assure Holdings Corp. IONM, Selina Hospitality PLC SRGRF, Maquia Capital Acquisition Corporation MAQC, ToughBuilt Industries, Inc. Not provided, SunPower Corporation Not provided, Meta Materials Inc. MMAT, Talis Biomedical Corporation TLIS, and Holdco Nuvo Group D.G Ltd. NUVOQ.

Talis Biomedical Corporation, represented by the ticker TLIS, is a molecular diagnostics company based in Menlo Park, California, which highlights the broad span of industries affected by Nasdaq's delisting action.

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