---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-040090"
form_type: "8-K"
ticker: null
cik: "0001831874"
company_name: "Iris Acquisition Corp"
filed_at: "2023-03-31T23:59:59+00:00"
generated_at: "2026-06-17T08:19:53.459101+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Iris Acquisition Corp receives Nasdaq deficiency notices for MVLS and public holder count

## Summary
- MVLS notice on March 28, 2023: market value below $35M minimum for 30 consecutive business days.
- Compliance deadline: September 25, 2023; must close at $35M+ for 10 consecutive business days.
- Minimum Public Holders notice on March 30, 2023: fewer than 300 public holders; 45 days to submit plan.
- Common stock continues trading under IRAA; no immediate delisting effect.
- If compliance not regained, Nasdaq may delist; company can appeal to Hearings Panel.

## SEC filing metadata
- accession: 0001104659-23-040090
- form_type: 8-K
- cik: 0001831874
- company_name: Iris Acquisition Corp
- filed_at: 2023-03-31T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1831874/000110465923040090/0001104659-23-040090-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831874/000110465923040090/tm2311157d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-040090
- JSON: https://secwatch.observer/filing/0001104659-23-040090.json
- Plain text: https://secwatch.observer/filing/0001104659-23-040090.txt

## Key facts
- Listing & Compliance Notices
  Iris Acquisition Corp received a nasdaq noncompliance notice notice regarding market value (rules 5810(c)(3)(C)).
  - Exchange: nasdaq
  - Notice: noncompliance notice
  - Deficiency: market value
  - Rules: 5810(c)(3)(C)
  source text: March 30, 2023, the Company, received an additional written notice (the “Minimum Public Holders Notice”) from the Staff indicating that the Company was not in compliance with Listing Rule 5550(a)(3), which requires the Company to have at least 300 public holders for continued listing on the Nasdaq Capital Market (the “Minimum Public Holders Rule”). The Minimum Public Holders Notice is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company’s securities on the Nasdaq Capital Market. The Minimum Public Holders Notice states
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831874/000110465923040090/0001104659-23-040090-index.htm
- Listing & Compliance Notices
  Iris Acquisition Corp received a nasdaq deficiency notice notice regarding shareholders (rules 5550(a)(3)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: shareholders
  - Rules: 5550(a)(3)
  source text: March 30, 2023, the Company, received an additional written notice (the “Minimum Public Holders Notice”) from the Staff indicating that the Company was not in compliance with Listing Rule 5550(a)(3), which requires the Company to have at least 300 public holders for continued listing on the Nasdaq Capital Market (the “Minimum Public Holders Rule”). The Minimum Public Holders Notice is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company’s securities on the Nasdaq Capital Market. The Minimum Public Holders Notice states
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831874/000110465923040090/0001104659-23-040090-index.htm

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