Iris Acquisition Corp: Nasdaq/NYSE listing notice — Iris Acquisition Corp receives Nasdaq delisting notice for failure to meet minimum publicly held shares rule

December 26, 2023, from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that because it no longer meets the minimum 500,000 publicly held shares requirement for The Nasdaq Capital Market, it no longer complies with Listing Rule 5550(a)(4) (the “Rule”) of Nasdaq’s Listing Rules (the “Rules”) for continued listing. In accordance with the Rule, the Company has 45 calendar days to submit a plan to regain compliance. The Company is evaluating various courses of action to achieve compliance with the Rule.

Proposal 1. To re-elect Richard Peretz, Nicholas Fernandez and Manish Shah as Class I directors, each to serve until the 2025 annual meeting of stockholders, or until his successor shall have been duly elected and qualified (the "Election of Directors Proposal").

Proposal 2. To adjourn the Annual Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of the Election of Directors Proposal.