secwatch.observer — SEC 8-K summary
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Issuer:     Iris Acquisition Corp (—)
CIK:        0001831874
Form:       8-K
Filed at:   2023-03-31T23:59:59+00:00
Accession:  0001104659-23-040090
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831874/000110465923040090/0001104659-23-040090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831874/000110465923040090/tm2311157d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-040090

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