Ribbon Acquisition Corp. received Nasdaq delisting determination over unpaid fees
Ribbon Acquisition Corp. received a staff determination letter from Nasdaq on June 4, 2026, notifying the company that Nasdaq has determined to delist its securities due to failure to pay fees required under Nasdaq Listing Rule 5250(f). The company's past due fee balance totals $75,000. Ribbon intends to appeal the determination to a Hearings Panel, with the appeal request deadline of June 11, 2026 at 4:00 p.m. Eastern Time; a hearing request will automatically stay suspension and Form 25-NSE filing pending the Panel's decision.
Key facts
- Nasdaq staff determination letter received June 4, 2026
- Delisting determined due to failure to pay fees under Nasdaq Listing Rule 5250(f)
- Past due fee balance: $75,000
- Company intends to appeal to a Hearings Panel
- Hearing request deadline: June 11, 2026 at 4:00 p.m. Eastern Time
- Hearing fee: $20,000
- Hearing request will automatically stay suspension and Form 25-NSE filing
Why it matters
A delisting determination has been issued by Nasdaq; while the company may appeal to stay the suspension, failure to resolve the outstanding fees or succeed in the appeal would result in removal of its securities from Nasdaq.
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Derived from 8-K filed 2026-06-05. Not investment advice. View the source filing on SEC.gov →