---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-130563"
form_type: "8-K"
ticker: null
cik: "0001831874"
company_name: "Iris Acquisition Corp"
filed_at: "2022-12-28T23:59:59+00:00"
generated_at: "2026-06-20T22:34:18.688460+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Iris Acquisition Corp receives Nasdaq noncompliance notice for audit committee after director resignation

## Summary
- Resignation of Duriya Farooqui from Board on Dec 20, 2022 triggered audit committee deficiency under Nasdaq Rule 5605(c)(2)(A).
- Audit Committee now has fewer than three independent members; Nasdaq provided cure period until next annual meeting or Dec 15, 2023.
- If annual meeting before June 13, 2023, compliance must be shown by June 13, 2023.

## SEC filing metadata
- accession: 0001104659-22-130563
- form_type: 8-K
- cik: 0001831874
- company_name: Iris Acquisition Corp
- filed_at: 2022-12-28T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.01, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1831874/000110465922130563/0001104659-22-130563-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831874/000110465922130563/tm2233648d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-130563
- JSON: https://secwatch.observer/filing/0001104659-22-130563.json
- Plain text: https://secwatch.observer/filing/0001104659-22-130563.txt

## Key facts
- Listing & Compliance Notices
  Iris Acquisition Corp received a nasdaq noncompliance notice notice regarding other.
  - Exchange: nasdaq
  - Notice: noncompliance notice
  source text: received a notice (the “Notice”) from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) stating that the previously disclosed resignation of Duriya Farooqui from the Company’s Board of Directors (the “Board”) (as described in
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831874/000110465922130563/0001104659-22-130563-index.htm
- Executive change
  Duriya Farooqui resigned as Director at Iris Acquisition Corp.
  - Action: resigned
  - Role: Director
  source text: the previously disclosed resignation of Duriya Farooqui from the Company’s Board of Directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831874/000110465922130563/0001104659-22-130563-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.