Quetta Acquisition Corp

Quetta Acquisition Corp has deposited $60,000 into its trust account to extend the period for completing its initial business combination. This payment allows the company an additional month, moving the deadline from August 10, 2026, to September 10, 2026.

Quetta Acquisition Corporation announced that it deposited $60,000 into its trust account. This payment enables the company to extend the period for consummating its initial business combination by one month. The new deadline for the business combination is August 10, 2026.

Quetta Acquisition Corp has entered into a Business Combination Agreement with Smart Kreate Group Limited on March 6, 2026, following the termination of its prior merger agreement with KM QUAD on January 15, 2026. For the three months ended March 31, 2026, the company reported a net loss of $(13,521), an improvement from the $(193,671) loss in the prior year period. However, Quetta faces a working capital deficit of $2,952,897 and management has expressed substantial doubt about its ability to continue as a going concern.

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.

Quetta Acquisition Corporation entered into a Release and Discharge of Promissory Notes with KM Quad on April 30, 2026. Pursuant to this agreement, KM Quad irrevocably released the Company from all obligations arising under three promissory notes totaling $1,040,000. This action confirms that no amounts remain due or payable under these notes, supplementing a prior Termination Agreement from January 15, 2026.

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.

Quetta Acquisition Corporation (QETA) filed its annual report on Form 10-K for the fiscal year ended December 31, 2025. The company confirmed its compliance with all required reports during the preceding 12 months and its status as a non-accelerated filer, a smaller reporting company, and an emerging growth company. Its Common Stock, Rights, and Units are registered on The Nasdaq Stock Market LLC.

Quetta Acquisition Corporation (QETA) reported on its efforts to regain compliance with Nasdaq's continued listing standards. The company is actively monitoring its market value of listed securities and considering various actions to prevent a potential delisting of its Units, Common Stock, and Rights from Nasdaq. As part of its strategy, QETA may also pursue a transfer of its securities to The Nasdaq Capital Market.

Quetta Acquisition Corp (QETA) is actively working to regain compliance with Nasdaq's continued listing standards. The company is monitoring its market value of listed securities and exploring potential actions to meet the requirements, including a possible transfer to The Nasdaq Capital Market. QETA acknowledges the risks associated with its ability to comply, including the potential delisting of its securities from Nasdaq.