Movella has notified Nasdaq of its decision to voluntarily delist its shares of common stock, par value $0.00001 per share and its warrants exercisable for one share of Common Stock at an exercise price of $11.50 from the Nasdaq Global Market. Movella intends to file a Form 25 with the SEC to remove its Common Stock and Warrants from listing on the Nasdaq Global Market on or about April 1, and deregister such securities, and as a result, Movella expects that the last trading day of its Common Stock and Warrants on the Nasdaq Global Market will be on or about April 11. Movella expects to have its Common Stock and Warrants quoted on a market operated by OTC Markets so that a trading market may continue to exist for such securities.
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