Columbus Acquisition Corp receives two Nasdaq deficiency notices for minimum holders and market value
Columbus Acquisition Corp/Cayman Islands
- On May 22, 2026, Nasdaq notified company it failed minimum 400 holders rule; must submit compliance plan by July 6, 2026.
- Company also notified that market value of listed securities (MVLS) was below $50M for 30 consecutive business days.
- MVLS compliance period runs 180 days to November 18, 2026; must show MVLS ≥$50M for 10 consecutive days.
- If plans not accepted, delisting possible; company may appeal or consider transfer to Nasdaq Capital Market.