DelistingMay 27, 2026, 08:33 AM
ASPAC III Acquisition Corp. Receives Nasdaq Delisting Notice
AI Summary
ASPAC III Acquisition Corp. received a letter from Nasdaq on May 20, 2026, indicating non-compliance with the minimum stockholders' equity requirement of $2,500,000. The company's reported stockholders' equity for the fiscal quarter ended March 31, 2026, was below this threshold. ASPAC III has 45 calendar days to submit a plan to regain compliance, with a potential extension of up to 180 days if the plan is accepted. The company is currently working on a compliance plan, though there is no guarantee of regaining compliance or Nasdaq's acceptance of the plan.
Key Highlights
- ASPAC III Acquisition Corp. received a Nasdaq delisting notice on May 20, 2026.
- The company failed to meet the minimum $2,500,000 stockholders' equity requirement.
- Stockholders' equity for the quarter ended March 31, 2026, was below the Nasdaq threshold.
- The company has 45 calendar days to submit a plan to regain compliance.
- Nasdaq may grant an extension of up to 180 calendar days if the plan is accepted.
- There is no assurance of regaining compliance or Nasdaq's acceptance of the plan.
Price Impact
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