Ribbon Acquisition receives Nasdaq notice over minimum market value shortfall
RIBB•Ribbon Acquisition received a Nasdaq noncompliance notice after its listed securities stayed below the $35 million minimum market value for 30 consecutive business days. It has until April 28, 2027, to meet the requirement; the notice has no immediate trading impact.
1. Compliance notice
Ribbon Acquisition received a Nasdaq noncompliance notice on October 30, 2026, after its listed securities remained below the $35 million minimum market value requirement for 30 consecutive business days, from September 18 through October 29.
2. Deadline and trading
The 180-calendar-day compliance period ends April 28, 2027. To comply, the company must maintain a market value of listed securities of at least $35 million for 10 consecutive business days, a period that may be extended to 20. Failure to comply would trigger a delisting notification, potentially subject to appeal. Class A ordinary shares continue trading on The Nasdaq Capital Market under RIBB, with no immediate trading impact from the notice.
