IB Acquisition flags Nasdaq noncompliance after missing annual shareholder meeting deadline
IBAC•Nasdaq notified IB Acquisition on Oct. 5, 2026, that it violated Listing Rule 5620(a) after missing its annual meeting deadline; the company has 45 days to submit a compliance plan, and its shares continue trading during the compliance period.
1. Nasdaq notice
Nasdaq said IB Acquisition was out of compliance with Listing Rule 5620(a) because it missed its annual shareholder meeting deadline. The company has 45 days to submit a compliance plan, and Nasdaq can grant an exception through March 29, 2027. The notice does not immediately affect the company’s Nasdaq Capital Market listing, and shares continue trading under IBAC during the compliance period.
