Keen Vision Acquisition faces Nasdaq delisting over SPAC deadline breach, float shortfall
KVAC•Nasdaq notice over listing failures
Keen Vision Acquisition received a Nasdaq notice over continued listing failures tied to the SPAC 36-month business combination deadline.
Nasdaq also cited non-compliance with minimum publicly held shares and total holder requirements.
Trading on the Nasdaq Global Market is set to be suspended at the open on Aug. 3, 2026.
The company will not appeal; Nasdaq is expected to file a Form 25-NSE to delist the units, ordinary shares, and warrants.
Securities are expected to move to OTC trading; the company plans to seek a Nasdaq listing tied to a business combination closing.
