Sagaliam Acquisition Corp. received a delisting notification from Nasdaq on December 5, 2023, following violations of listing rules. The Company intends to appeal the decision and maintain its Nasdaq listing. The delisting is due to failure to meet minimum market value requirements and compliance issues with Nasdaq's rules.

Sagaliam Acquisition Corp. received a delisting notification from Nasdaq on December 8, 2023, due to failure to meet listing requirements. The company intends to appeal the decision and maintain its Nasdaq listing. The delisting is a result of multiple violations of Nasdaq rules, including failure to disclose material information and timely file periodic reports.

Sagaliam Acquisition Corp. announced a Temporary Restraining Order issued by the US District Court for the District of Delaware that restrains the company from convening a shareholders meeting to vote on extending the Deadline Date. The lawsuit involves claims that the transaction with VIRO and BGEN disenfranchises GLD Partners LP and its members from voting rights. Sagaliam intends to defend the lawsuit vigorously.

The Kenyan government has approved a 60% acquisition of Telkom Kenya by the United Arab Emirates-based Infrastructure Corporation of Africa LLC (ICA). This decision follows the Cabinet's revocation of a previous plan to acquire Telkom Kenya shares from Jamhuri/Helios Treasury. The new deal includes a capital infusion for infrastructure improvements and settlement of Telkom's outstanding liabilities.

Digital Ally, Inc. and Clover Leaf Capital Corp. have filed a registration statement for a proposed business combination with Kustom Entertainment, Inc., a subsidiary of Digital Ally. The transaction values Kustom Entertainment at $125 million, with an implied initial pro forma equity value of approximately $222.2 million. The combined company will operate under the management team led by Stanton E. Ross. The business combination is expected to provide approximately $18.1 million in gross proceeds. Digital Ally will distribute shares to its shareholders post-closing. Kustom Entertainment will oversee subsidiaries TicketSmarter, Kustom 440, and BirdVu Jets, focusing on concerts, entertainment, and ticketing partnerships.