DelistingApr 28, 2026, 04:37 PM
CAPN Receives Nasdaq Delisting Notice for Holder Non-Compliance
AI Summary
Cayson Acquisition Corp (CAPN) received a notice from Nasdaq on April 27, 2026, indicating non-compliance with Listing Rule 5450(a)(2), which requires a minimum of 400 total holders of its ordinary shares for continued listing. The company is required to submit a plan to regain compliance by June 11, 2026. If Nasdaq accepts the plan, CAPN may receive an extension of up to 180 calendar days. The company intends to submit a plan to maintain its Nasdaq listing.
Key Highlights
- Cayson Acquisition Corp (CAPN) received a Nasdaq notice on April 27, 2026, for non-compliance.
- Violated Listing Rule 5450(a)(2) requiring at least 400 "Total Holders" of ordinary shares.
- Company must submit a plan to regain compliance by June 11, 2026.
- Nasdaq may grant an extension of up to 180 days if the plan is accepted.
- CAPN intends to submit a plan to maintain its Nasdaq listing.
Price Impact
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