Cayson Acquisition faces Nasdaq delisting over minimum shareholder rule noncompliance
CAPN•CAPN•CAPN•CAPN•Nasdaq initiated delisting proceedings against Cayson Acquisition after the company failed to provide shareholder figures showing it met the requirement of at least 400 holders by its October 26, 2026, deadline. The company appealed the determination to maintain its Nasdaq listing.
Nasdaq initiated delisting proceedings against Cayson Acquisition following an October 29, 2026, notice that it remained noncompliant with shareholder requirements. Nasdaq Listing Rule 5450(a)(2) requires at least 400 total holders of the company's ordinary shares.
Cayson Acquisition failed to provide the necessary shareholder figures by its extended October 26, 2026, compliance deadline. It appealed the delisting determination; the appeal deadline was November 5, 2026.
