DelistingMay 12, 2026, 04:22 PM
Quetta Acquisition Corp Regains Nasdaq Compliance; Transfers to Capital Market
AI Summary
Quetta Acquisition Corporation announced it has regained compliance with Nasdaq's minimum Market Value of Listed Securities (MVLS) requirement. This follows Nasdaq's approval on May 12, 2026, to transfer the company's ordinary shares, units, and rights from the Nasdaq Global Market to the Nasdaq Capital Market, effective May 14, 2026. The company had previously received a delisting notice on April 6, 2026, and had requested a hearing. Nasdaq has now cancelled the scheduled hearing, and the securities will continue to trade under their existing symbols.
Key Highlights
- Nasdaq approved the transfer of Quetta Acquisition Corp's securities to the Nasdaq Capital Market on May 12, 2026.
- The transfer is effective at the opening of trading on May 14, 2026.
- Following the transfer, the company regained compliance with Nasdaq's minimum Market Value of Listed Securities (MVLS) requirement.
- Nasdaq cancelled the previously scheduled hearing before the Nasdaq Hearings Panel.
- Securities will continue to trade under symbols "QETA," "QETAU," and "QETAR."
- The company previously received a delisting notice on April 6, 2026, for MVLS non-compliance.
Price Impact
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