AIB Acquisition Corp: Nasdaq/NYSE listing notice — Nasdaq Panel grants AIB Acquisition (AIB) continued listing; must complete initial business combination by May 20, 2024

AIB Acquisition Corp

Nasdaq Hearing Panel granted continued listing subject to conditions: close business combo by May 20, 2024.
Company must hold shareholder meeting and obtain approval for initial business combination by May 15, 2024.
Previously received deficiency notices for MVLS and MVPHS below minimums and insufficient public holders.
Regained compliance with MVPHS requirement on February 13, 2024; Panel decision resolves delisting risk.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

AIB Acquisition Corp received a nasdaq hearing update notice regarding market value (rules 5450(b)(2)(A), 5450(b)(3)(C), 5450(a)(2)).

Exchange: nasdaq
Notice: hearing update
Deficiency: market value
Rules: 5450(b)(2)(A), 5450(b)(3)(C), 5450(a)(2)

Exact text from the filing

mbination, (ii) on or before May 15, 2024, the Company holds a shareholder meeting and obtain approval for completion of its initial business combination; and (iii) on or before May 20, 2024, the Company closes its initial business combination and the new entity demonstrates compliance with Listing Rule 5505. As previously disclosed, the Company originally received two deficiency letters from the Nasdaq Listing Qualification Department (the “Staff”) on May 11, 2023, notifying the Company that, for the preceding 30 consecutive business days, the Company’s Market Value of Listed Securities (“MVL

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Source: SEC EDGAR

accession 0001213900-24-024433

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