AIB Acquisition Corp: Nasdaq/NYSE listing notice — AIB Acquisition Corporation receives Nasdaq delisting notice; trading suspended May 9, 2024

AIB Acquisition Corp

Panel determined to delist for failure to satisfy March 14, 2024 decision terms.
Company could not close initial business combination by the May 20, 2024 deadline.
Trading suspended on Nasdaq at open May 9; securities eligible for OTC Markets under AIBBU, AIB, AIBBR.
Nasdaq to file Form 25 after appeal periods lapse to complete delisting.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.82

AIB Acquisition Corp received a nasdaq noncompliance notice notice regarding shareholders (rules 5500).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: shareholders
Rules: 5500

Exact text from the filing

May 1, 2024, (ii) hold a shareholder meeting and obtain approval for completion of our initial business combination on or before May 15, 2024, and (iii) close our initial business combination, with the new entity demonstrating compliance with the initial listing criteria set forth in Nasdaq Listing Rule 5500 on or before May 20, 2024. On May 1, 2024, we notified the Panel that we would not be able to close our initial business combination by the Panel’s May 20, 2024 deadline. Accordingly, the Panel determined to delist our securities from Nasdaq as set forth in the Notice Letter. Following sus

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Source: SEC EDGAR

accession 0001213900-24-042306

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