Iris Acquisition Corp: Nasdaq/NYSE listing notice — Iris Acquisition Corp receives additional Nasdaq delisting notice over 500K public share requirement

Iris Acquisition Corp

On May 2, 2024, Nasdaq notified Iris that it fails the minimum 500,000 publicly held shares requirement.
This deficiency becomes an additional basis for delisting, to be addressed at the already-scheduled hearing.
Company previously received non-compliance on SPAC business combination deadline and requested a hearing.
Iris intends to address both deficiencies at the hearing; no assurance of regaining compliance.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Iris Acquisition Corp received a nasdaq noncompliance notice notice regarding other (rules 5550(a)(4), 5810(d)(2), IM-5101-2).

Exchange: nasdaq
Notice: noncompliance notice
Rules: 5550(a)(4), 5810(d)(2), IM-5101-2

Exact text from the filing

March 5, 2024, the Company received a written notice from the Listing Qualifications Department of Nasdaq, indicating that the Company had failed to comply with IM-5101-2 of the Rules, which requires that a special purpose acquisition company must complete one or more business combinations within 36 months of the effectiveness of its IPO registration statement, and that unless the Company timely requests a hearing before the Nasdaq Hearings Panel, the Company's securities would be subject to suspension and delisting. The Company timely requested the hearing (the "Hearing"). On May 2, 2024, the

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Source: SEC EDGAR

accession 0001104659-24-058653

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