DelistingMay 1, 2026, 03:11 PM
QETA Receives Nasdaq Delisting Notice for MVPHS Below $15M
AI Summary
Quetta Acquisition Corporation received a written notice from Nasdaq on April 30, 2026, indicating non-compliance with the minimum Market Value of Publicly Held Shares (MVPHS) requirement of $15,000,000. This non-compliance was based on the company's MVPHS for the 30 consecutive business days ending April 29, 2026. The company has been granted a compliance period of 180 calendar days, until October 27, 2026, to regain compliance. The notice does not immediately impact the listing or trading of its securities, and the company intends to monitor its MVPHS and consider options.
Key Highlights
- Quetta Acquisition Corporation received a notice from Nasdaq on April 30, 2026.
- The company failed to meet the minimum Market Value of Publicly Held Shares (MVPHS) requirement of $15,000,000.
- Non-compliance was based on MVPHS for the 30-day period from March 18, 2026, through April 29, 2026.
- Quetta Acquisition has 180 calendar days, until October 27, 2026, to regain compliance.
- To regain compliance, MVPHS must equal or exceed $15,000,000 for at least ten consecutive business days.
- The notice has no immediate effect on the listing or trading of the company's securities.
Price Impact
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