Ribbon Acquisition (RIBB) gets Nasdaq notice over $35M minimum market value shortfall

Ribbon Acquisition Corp.

Nasdaq notice dated October 30, 2026: MVLS below $35,000,000 for 30 consecutive business days, from September 18 through October 29, 2026.
Company also does not satisfy alternative Nasdaq Capital Market tests under Rules 5550(b)(1) (stockholders' equity) and 5550(b)(3) (net income).
180-day compliance period runs until April 28, 2027; MVLS must close at $35M or more for at least 10 consecutive business days to cure.
Class A shares (RIBB) keep trading on the Nasdaq Capital Market and the notice has no immediate effect on listing or trading.
If still non-compliant by April 28, 2027, Nasdaq will notify the company of delisting; Ribbon may then appeal to a Nasdaq Hearings Panel.

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