DelistingJul 30, 2026, 05:03 PM
Keen Vision Acquisition Corp. to be Delisted from Nasdaq
AI Summary
Keen Vision Acquisition Corp. received a notice from Nasdaq on July 27, 2026, indicating its securities would be delisted due to non-compliance with several listing rules. These include the failure to complete a business combination within 36 months, and not meeting the minimum publicly held shares and total holders requirements. The company will not appeal the decision, and trading of its securities will be suspended on August 3, 2026, with an expectation to trade over-the-counter thereafter. Keen Vision Acquisition Corp. plans to apply for relisting on Nasdaq following the completion of a potential business combination.
Key Highlights
- Keen Vision Acquisition Corp. received a delisting notice from Nasdaq on July 27, 2026.
- Delisting due to non-compliance with Nasdaq IM-5101-2 (failure to complete business combination within 36 months).
- Also non-compliant with minimum 1,100,000 publicly held shares requirement.
- Also non-compliant with minimum 400 total holders requirement.
- Trading of company's securities will be suspended on August 3, 2026.
- The company will not appeal Nasdaq's delisting determination.
- Securities are expected to trade over-the-counter (OTC) after delisting.
- Company intends to apply to relist on Nasdaq upon closing a potential business combination.
Price Impact
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