Ribbon Acquisition RIBB

Ribbon Acquisition faces Nasdaq delisting risk

Nasdaq market value notice, cure by Apr 28, 2027, Item 3.01 Listing standards notice

Form
8-K
Filed
Importance
Major
  1. Received Nasdaq notice for MVLS non-compliance
  2. MVLS below $35M for 30 days ending Oct 29, 2026
  3. 180-day compliance period until April 28, 2027

Written from the 8-K on EDGAR. Check the filing before you rely on it.

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The reading, claim by claim

  1. The company received a notice from Nasdaq on October 30, 2026, stating that its market value of listed securities was below $35 million for 30 consecutive business days.
  2. The notice also indicated the company does not meet alternative listing requirements.
  3. The company has 180 days, until April 28, 2027, to regain compliance with the minimum market value requirement.
  4. If it fails, Nasdaq may take further action.
  5. The 8-K also includes financial statements and exhibits, including a cover page interactive data file and signatures from the company's chief executive officer.

5 of 6 claims matched the filing text.

Not found in the filing text

  • For the quarter ended June 30, 2026, the company reported a net income of -$19,601, according to its 10-Q filing.

From the filing

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued

Listing Rule or Standard; Transfer of Listing

On October 30, 2026, Ribbon Acquisition Corp.1

(the "Company") received a written notice (the "Notice") from the Listing Qualifications Department of The Nasdaq1

Stock Market LLC ("Nasdaq") indicating that the Company is not in compliance with the minimum market value of listed securities1

("MVLS") requirement of $35,000,000 for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule1

5550(b)(2) (the "MVLS Requirement").1 1The Notice stated that the Company's MVLS had been below $35,000,000 for 30 consecutive business days, from September 18, 2026 through October 29, 2026.1 The Notice also indicated that the Company does not satisfy the alternative continued listing requirements under Nasdaq Listing Rules 5550(b)(1) and 5550(b)(3), relating to stockholders' equity and net income from continuing operations, respectively.2

In accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company has been provided an initial compliance period of 180 calendar days, or until April 28, 2027, to regain compliance with the MVLS Requirement.3 To regain compliance, the Company's MVLS must close at $35,000,000 or more for a minimum of 10 consecutive business days during the compliance period, subject to Nasdaq's discretion to require a longer period of up to 20 consecutive business days.

If the Company regains compliance, Nasdaq will provide written confirmation of compliance and the matter will be closed.

The Notice has no immediate effect on the listing or trading of the Company's Class A ordinary shares, which will continue to trade on The Nasdaq Capital Market under the symbol

"RIBB," subject to the Company's continued compliance with Nasdaq's other listing requirements.

The Company intends to monitor its MVLS and evaluate available options to regain compliance with the MVLS Requirement. If the Company does not regain compliance by April 28, 2027, Nasdaq4

Item 9.01. Financial Statements and Exhibits.

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