Delisting Determination, The Nasdaq Stock Market, LLC, November 20, 2023,
Financial Strategies Acquisition Corp.
The Nasdaq Stock Market LLC (the Exchange) has determined to remove
from listing the securities of Financial Strategies Acquisition Corp.,
effective at the opening of the trading session on November 30, 2023.
Based on review of information provided by the Company, Nasdaq
Staff determined that the Company no longer qualified for listing
on the Exchange pursuant to Listing Rule 5250(f). The Company was
notified of the Staff determination on April 21, 2023. On May 1, 2023,
the Company exercised its right to appeal the Staff determination to
the Listing Qualifications Hearings Panel (Panel) pursuant to Rule 5815.
On May 1, 2023, Staff issued an additional delist determination for the
Company failure to meet the periodic filing requirements in Listing
Rule 5250(c)(1). On May 9, 2023, the Panel issued a partial compliance
letter as the Company had cured its deficiency under Rule 5250(f).
On May 23, 2023, Staff issued an additional delist determination for the
Company failure to meet the periodic filing requirements in Listing
Rule 5250(c)(1). On June 22, 2023, the Panel issued a decision denying
the Company request for an exception.  On June 28, 2023, following a
request from the Company, the Panel reconsidered its decision. On July 7,
2023, upon review of the information provided by the Company, the Panel
determined to grant the Company request to remain listed in the Exchange
subject to a series of milestones. Based on the Company failure to meet
the terms of the exception, on August 29, 2023, the Panel issued a final
decision denying the Company continued listing and notified the Company
that trading in the Company securities would be suspended on August 31,
2023. The Company did not appeal the Panel decision to the Nasdaq Listing
and Hearing Review Council (Council) and the Council did not call
the matter for review. The Staff determination to delist the Company
became final on October 13, 2023.