Cayson Acquisition Corp faces Nasdaq delisting after failing to show 400 total holders by Oct 26 deadline

Cayson Acquisition Corp

Nasdaq notified Cayson on Oct 29, 2026 that it failed to provide shareholder figures within the extension period under Listing Rule 5450(a)(2), which requires 400 total holders.
Nasdaq has initiated procedures to delist CAPN, CAPNU and CAPNR; the company has the right to appeal by November 5, 2026 and has already appealed.
Original deficiency notice was received April 27, 2026; Nasdaq granted an extension to October 26, 2026 after the company submitted a compliance plan.
Cayson says it expects to document the required shareholder figures before an appeal hearing, which would moot the matter and preserve its Nasdaq listing.

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