secwatch.observer — SEC 8-K summary
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Issuer:     Iris Acquisition Corp (—)
CIK:        0001831874
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001104659-23-055046
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 3.01, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Iris Acquisition Corp director resigns, triggering Nasdaq audit committee non-compliance
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- Dr. Shahibhushan Borade resigned from the board effective April 26, 2023, with no dispute regarding operations or policies.
- Resignation caused the audit committee to fall below the required three independent directors, violating Nasdaq Rule 5605(c)(2)(A).
- Company notified Nasdaq on May 2, 2023, and intends to cure the deficiency within the applicable cure period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831874/000110465923055046/0001104659-23-055046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831874/000110465923055046/tm2314403d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-055046

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