---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-095401"
form_type: "8-K"
ticker: "ASCBF"
cik: "0001876716"
company_name: "ASPAC II Acquisition Corp."
filed_at: "2023-12-13T23:59:59+00:00"
generated_at: "2026-06-07T13:40:07.724104+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Nasdaq notifies ASCB of non-compliance with $50M market value rule; Sponsor obtains 68.1% of Class A via exchange

## Summary
- Received Nasdaq notice on Dec 11, 2023 for failing $50M market value of listed securities over 30 consecutive business days.
- Has 180 days (until June 10, 2024) to regain compliance by closing at $50M+ for 10 consecutive business days.
- Non-compliance may lead to delisting; Company can apply to Nasdaq Capital Market or appeal.
- Sponsor exchanged 4.9M Class B shares for 4.9M Class A shares, now holds ~68.1% of outstanding Class A shares.
- New Class A shares subject to same restrictions (transfer, redemption waiver, voting on business combination) as original Class B.

## SEC filing metadata
- accession: 0001213900-23-095401
- form_type: 8-K
- ticker: ASCBF
- cik: 0001876716
- company_name: ASPAC II Acquisition Corp.
- filed_at: 2023-12-13T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.01, 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1876716/000121390023095401/0001213900-23-095401-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1876716/000121390023095401/ea189930-8k_aspac2.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-095401
- JSON: https://secwatch.observer/filing/0001213900-23-095401.json
- Plain text: https://secwatch.observer/filing/0001213900-23-095401.txt

## Key facts
- Listing & Compliance Notices
  ASPAC II Acquisition Corp. received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(A)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: market value
  - Rules: 5450(b)(2)(A)
  source text: December 11, 2023, A SPAC II Acquisition Corp. (“ASCB” or the “Company”) received a notice (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”), stating that the Company’s listed securities failed to comply with the $50,000,000 market value of listed securities requirement for continued listing on the Nasdaq Global Market in accordance with Nasdaq Listing Rule 5450(b)(2)(A) based upon the Company’s market value of listed securities for the 30 consecutive business days prior to the date of the Notice. The Notice has no immediate effect on the listing of the Company’s securities on Nasdaq
  evidence_url: https://www.sec.gov/Archives/edgar/data/1876716/000121390023095401/0001213900-23-095401-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.