Oak Woods Acquisition Corp. Receives Nasdaq Delisting Determination; Plans for Extension and Shareholder Vote

Key Points:

• Oak Woods Acquisition Corp. (the “Company”) has received an additional staff determination letter from The Nasdaq Stock Market LLC (“Nasdaq”) regarding potential delisting of its securities.
• The Company’s securities are currently listed on Nasdaq under the trading symbols OAKUU (Units), OAKU (Class A Ordinary Shares), OAKUR (Rights), and OAKUW (Warrants).
• The Company intends to seek shareholder approval to extend the deadline for completing a business combination and offer redemption rights related to this extension.
• A proxy statement will be filed with the SEC in connection with these proposals.

Full Details for Investors:

On March 23, 2026, Oak Woods Acquisition Corp. disclosed that it has received an additional staff determination letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC. This letter relates to ongoing listing deficiencies and references the potential application of Nasdaq Listing Rule IM-5101-2, which can result in the delisting of the Company’s securities.

The Company has confirmed its expectation that Nasdaq’s delisting determination is applicable. In response, Oak Woods Acquisition Corp. has notified Nasdaq that it intends to continue efforts to complete a business combination. The Company is actively working towards re-listing its securities on the Nasdaq Capital Market in the future, should it satisfy the required standards.

Shareholder Actions and Forward Strategy:

• The Company plans to promptly seek shareholder approval for an extension of the time allowed to complete a business combination.
• Shareholders will be given the opportunity to redeem their public shares in connection with this extension vote.
• A proxy statement will be filed with the SEC, providing further details and enabling shareholders to make an informed decision.

Potential Impact on Shareholders and Share Price:

• Delisting risk: If the Company cannot secure the extension or complete a business combination within the extended period, it risks being delisted from Nasdaq, which could have a significant negative impact on share liquidity and value.
• Redemption opportunity: Shareholders may have an opportunity to redeem their public shares if they do not wish to remain invested during this uncertain period.
• Uncertainty regarding business combination: The Company’s ability to complete a business combination and comply with Nasdaq listing standards remains uncertain. There is no assurance that the extension or business combination will occur, which could result in further volatility or negative pressure on share price.
• Regulatory filings ahead: Investors should watch for the upcoming proxy statement, which will detail the proposed extension and redemption process.

Company Status:

• Oak Woods Acquisition Corp. is classified as an emerging growth company under SEC rules.
• The Company has not elected to use the extended transition period for accounting standards.
• No written communications, soliciting materials, or pre-commencement tender offers related to M&A activity have been filed as part of this report.

Security and Trading Information:

Forward-Looking Statements:

This news contains forward-looking statements, including the Company’s intention to extend its business combination deadline, complete a business combination, and regain compliance with Nasdaq listing standards. There are numerous risks and uncertainties that could cause actual results to differ materially from these statements, including the ability to gain shareholder approval, complete a business combination, or maintain listing status.

There is no guarantee that the Company will be able to secure the extension, complete a business combination, or remain listed on Nasdaq. These matters are highly price sensitive and could materially affect the value of the Company’s securities.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should review all available materials, including the upcoming proxy statement, and consult their financial advisor before making investment decisions. Forward-looking statements are subject to risks, and actual outcomes may differ materially.

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