Insight Acquisition Corp. Faces Nasdaq Delisting
Ticker: AMODW · Form: 8-K · Filed: Oct 3, 2024 · CIK: 1862463
| Field | Detail |
|---|---|
| Company | Insight Acquisition CORP. /De (AMODW) |
| Form Type | 8-K |
| Filed Date | Oct 3, 2024 |
| Risk Level | high |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $11.50 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, listing-standards, sec-filing
Related Tickers: INAQ
TL;DR
Nasdaq says Insight Acquisition Corp. (INAQ) is out, shares might get booted.
AI Summary
Insight Acquisition Corp. announced on September 27, 2024, that it failed to meet the continued listing standards for its Class A common stock and warrants on the Nasdaq Capital Market. The company received a deficiency notice from Nasdaq on September 27, 2024, indicating non-compliance with listing rules.
Why It Matters
This filing indicates that Insight Acquisition Corp. is at risk of being delisted from the Nasdaq, which could significantly impact the liquidity and trading of its securities.
Risk Assessment
Risk Level: high — The company has received a deficiency notice from Nasdaq for failing to meet continued listing standards, putting its securities at risk of delisting.
Key Players & Entities
- Insight Acquisition Corp. (company) — Registrant
- Nasdaq Capital Market (company) — Exchange where securities are listed
- September 27, 2024 (date) — Date of deficiency notice and report
FAQ
What specific Nasdaq listing rule did Insight Acquisition Corp. fail to meet?
The filing states that Insight Acquisition Corp. failed to satisfy a continued listing rule or standard, but does not specify which particular rule was violated.
What is the date of the deficiency notice from Nasdaq?
The deficiency notice from Nasdaq was received on September 27, 2024.
What are the ticker symbols for the securities affected by this notice?
The filing mentions INAQ:Units, INAQ:ClassCommonStock, and INAQ:RedeemableWarrants, indicating these are the affected securities.
What is the company's state of incorporation and fiscal year end?
Insight Acquisition Corp. is incorporated in Delaware and its fiscal year ends on December 31.
What action is Insight Acquisition Corp. expected to take in response to the deficiency notice?
The filing does not detail the specific actions Insight Acquisition Corp. plans to take, but typically companies have a period to regain compliance.
Filing Stats: 600 words · 2 min read · ~2 pages · Grade level 14 · Accepted 2024-10-02 20:52:39
Key Financial Figures
- $0.0001 — , LLC Class A Common Stock, par value $0.0001 per share INAQ The Nasdaq Stock Mar
- $11.50 — A Common Stock at an exercise price of $11.50 INAQW The Nasdaq Stock Market, LLC
Filing Documents
- ea0216570-8k_insight.htm (8-K) — 42KB
- 0001213900-24-084801.txt ( ) — 264KB
- inaq-20240927.xsd (EX-101.SCH) — 4KB
- inaq-20240927_def.xml (EX-101.DEF) — 27KB
- inaq-20240927_lab.xml (EX-101.LAB) — 37KB
- inaq-20240927_pre.xml (EX-101.PRE) — 25KB
- ea0216570-8k_insight_htm.xml (XML) — 7KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: October 2, 2024 INSIGHT ACQUISITION CORP. By: /s/ Michael Singer Name: Michael Singer Title: Executive Chairman and Chief Executive Officer 2