Ribbon Acquisition Corp. filed a Form 8-K on November 2, 2026, disclosing that it received a written notice from Nasdaq on October 30, 2026, indicating non-compliance with the minimum market value of listed securities requirement for continued listing on The Nasdaq Capital Market.

Key Highlights

  • Deficiency notice received: Nasdaq notified Ribbon Acquisition Corp. on October 30, 2026, that its market value of listed securities had fallen below the $35,000,000 minimum required under Nasdaq Listing Rule 5550(b)(2).
  • 30 consecutive business days below threshold: According to the filing, the company's MVLS was below $35,000,000 from September 18, 2026 through October 29, 2026.
  • Alternative standards not met: The notice indicated the company also does not satisfy alternative continued listing requirements under Nasdaq Listing Rules 5550(b)(1) and 5550(b)(3), relating to stockholders' equity and net income from continuing operations, respectively.
  • 180-day compliance window: The company has until April 28, 2027, to regain compliance, requiring its MVLS to close at $35,000,000 or more for a minimum of 10 consecutive business days.
  • No immediate trading impact: The filing states the notice "has no immediate effect on the listing or trading" of the company's Class A ordinary shares, which continue to trade under the symbol RIBB.
  • Delisting risk if uncured: If compliance is not regained by April 28, 2027, Nasdaq will provide written notification that the company's securities are subject to delisting, with a potential appeal to a Nasdaq Hearings Panel.

Ribbon Acquisition Corp. Discloses Nasdaq MVLS Non-Compliance and Cure Timeline

Ribbon Acquisition Corp., a Cayman Islands exempted company with Class A Ordinary Shares, Units, and Rights listed on NASDAQ:RIBB, NASDAQ:RIBBU, and NASDAQ:RIBBR respectively, disclosed in its Form 8-K that the Listing Qualifications Department of The Nasdaq Stock Market LLC issued a written notice on October 30, 2026. The notice stated that the company is not in compliance with the minimum market value of listed securities requirement of $35,000,000 for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(b)(2).

According to the filing, the company's MVLS had been below the $35,000,000 threshold for 30 consecutive business days, specifically from September 18, 2026 through October 29, 2026. The notice further indicated that the company does not satisfy the alternative continued listing standards under Nasdaq Listing Rules 5550(b)(1) and 5550(b)(3), which relate to stockholders' equity and net income from continuing operations, respectively. Under Nasdaq Listing Rule 5810(c)(3)(C), the company has been given an initial compliance period of 180 calendar days, running until April 28, 2027, to cure the deficiency.

To regain compliance, the company's MVLS must close at $35,000,000 or more for a minimum of 10 consecutive business days during the compliance period, though the filing notes that Nasdaq retains discretion to require a longer period of up to 20 consecutive business days. The company disclosed that it "intends to monitor its MVLS and evaluate available options to regain compliance." The filing includes the cautionary statement that "there can be no assurance that the Company will regain compliance with the MVLS Requirement or otherwise maintain compliance with Nasdaq's continued listing requirements."

What Was Disclosed

Ribbon Acquisition Corp. reported receipt of a Nasdaq deficiency notice for falling below the $35,000,000 MVLS requirement for 30 consecutive business days. The company has until April 28, 2027, to regain compliance or face potential delisting proceedings.