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.