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Ribbon Acquisition Corp. has been told it might be removed from Nasdaq for not meeting the $35 million value rule.

TroubleRead the original at SEC EDGAR
Bad for RIBB

RIBB faces a Nasdaq listing threat because its listed securities stayed below the $35 million minimum and it fails 2 other listing tests. Trading continues during a 180-day fix period, but failure to qualify can lead to delisting.

RIBB · Ribbon Acquisition Corp.

AI read · Bad for RIBB

The AI's read

The company has time to address the problem, and its shares can still trade for now. But it also fails 2 other listing tests, and Nasdaq may begin delisting if it misses the April 28, 2027 deadline. That risk outweighs the temporary chance to remain listed.

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