San Francisco, California Dec 5, 2023 (Issuewire.com) - Iris Acquisition Corp (the "Company") received a written notice on November 27, 2023, from the Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that because it has not yet filed its Form 10-Q for the period ended September 30, 2023 (the "Filing"), it no longer complies with Listing Rule 5250(c)(1) (the "Rule") of Nasdaq's Listing Rules (the "Rules") for continued listing.
In accordance with the Rule, the Company has 60 calendar days to submit a plan to regain compliance and if Nasdaq accepts the Company's plan, Nasdaq can grant an exception of up to 180 calendar days from the Filing's due date, or until May 20, 2024, to regain compliance.
The Company intends to regain compliance with the Rule by filing its Form 10-Q as soon as possible.
Forward Looking Statements
Certain information contained in this report consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks, uncertainties and assumptions that are difficult to predict. Words such as "will," "would," "may," "intends," "anticipates," "potential," and similar expressions, or the use of future tense, identify forward-looking statements, but their absence does not mean that a statement is not forward-looking. Such forward-looking statements are not guarantees of performance and actual actions or events could differ materially from those contained in such statements. For example, there can be no assurance that the Company will regain compliance with the Nasdaq Listing Rules in the future, or otherwise meet Nasdaq compliance standards, that the Company will be eligible for a second compliance period, or that Nasdaq will grant the Company any relief from delisting as necessary or that the Company can ultimately meet applicable Nasdaq requirements for any such relief. The forward-looking statements contained in this report speak only as of the date of this press release and the Company undertakes no obligation to publicly update any forward-looking statements to reflect changes in information, events or circumstances after the date of this press release unless required by law.
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001831874/000110465923123475/tm2332170d1_8k.htm
Source :IRIS Acquisition Corp
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