Nasdaq notifies Ribbon Acquisition Corp. of delisting determination over unpaid fees
Ribbon Acquisition Corp. received notice on June 4, 2026 from Nasdaq's Listing Qualifications Department that the company will be delisted due to failure to pay required listing fees totaling $75,000 under Nasdaq Listing Rule 5250(f). The company intends to appeal the determination to a Hearings Panel by the June 11, 2026 deadline; the appeal request carries a $20,000 fee and will automatically stay the delisting pending the panel's decision.
Key facts
- Ribbon Acquisition Corp. (RIBB)
- Notice received June 4, 2026
- Delisting determination by Nasdaq Listing Qualifications Department
- Past due fee balance: $75,000
- Reason: failure to pay fees under Nasdaq Listing Rule 5250(f) and Rule 5900 Series
- Appeal deadline: June 11, 2026, 4:00 p.m. Eastern Time
- Appeal filing fee: $20,000
- Appeal will automatically stay suspension pending Panel decision
Why it matters
If the appeal is unsuccessful and delisting proceeds, Ribbon Acquisition Corp.'s securities would be removed from Nasdaq, potentially materially restricting trading liquidity and access for security holders.
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Derived from 8-K filed June 5, 2026. Not investment advice. View the source filing on SEC.gov →