secwatch.observer — SEC 8-K summary
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Issuer:     Integral Acquisition Corp 1 (—)
CIK:        0001850262
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001193125-24-252040
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 2.03, 3.01, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Integral Acquisition Corp 1 receives Nasdaq delisting notice, extends deadline, sees heavy redemptions
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- Nasdaq will delist securities on Nov 11, 2024 for failing to complete business combination within 36 months.
- Stockholders approved third extension to Nov 5, 2025; 835,672 shares redeemed at ~$11.41/share (~$9.5M).
- Only 362,670 public shares remain outstanding post-redemption, down from ~1.2M.
- Sponsor issued $130,561 promissory note to fund monthly trust deposits through Nov 2025.
- Company continues to pursue business combination with Flybondi; combined company to list on Nasdaq.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1850262/000119312524252040/0001193125-24-252040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1850262/000119312524252040/d852386d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-252040

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