Launch One Acquisition falls out of compliance with Nasdaq audit committee rule
LPAA•Launch One Acquisition lost compliance with Nasdaq’s audit committee and board independence requirements after Rodney A. Ferguson resigned. The company plans to use the applicable cure periods to appoint an independent director to its board and audit committee.
1. Compliance notices
Ferguson’s resignation left Launch One Acquisition’s audit committee with two members, below the required three, and the board without a majority of independent directors. Nasdaq issued a board independence noncompliance notice on November 6, 2026, followed by an audit committee notice on December 6, 2026. The company intends to use the cure periods to appoint an independent director to the board and audit committee.
