ASPAC II Acquisition Corp. Faces Delisting Concerns
Ticker: ASCWF · Form: 8-K · Filed: Mar 19, 2024 · CIK: 1876716
Sentiment: bearish
Topics: delisting, listing-standards, extension
Related Tickers: ASCB
TL;DR
ASCB units, warrants, and rights are at risk of delisting; company seeking extension.
AI Summary
ASPAC II Acquisition Corp. (ASCB) announced on March 15, 2024, that it failed to meet the continued listing rule standards for its units, warrants, and rights. The company is currently in the process of seeking an extension for its business combination deadline.
Why It Matters
This filing indicates potential delisting for ASPAC II Acquisition Corp., which could impact its trading status and investor confidence.
Risk Assessment
Risk Level: high — The company has failed to meet continued listing rule standards, putting its securities at risk of delisting.
Key Players & Entities
- ASPAC II Acquisition Corp. (company) — Filer of the 8-K report
- ASCB (company) — Ticker symbol for ASPAC II Acquisition Corp.
FAQ
What specific continued listing rule standards did ASPAC II Acquisition Corp. fail to meet?
The filing states that ASPAC II Acquisition Corp. failed to meet the continued listing rule standards for its units, warrants, and rights, but does not specify which particular standards were not met.
What is the current status of ASPAC II Acquisition Corp.'s business combination?
ASPAC II Acquisition Corp. is actively seeking an extension for its business combination deadline.
When was the date of this report?
The date of this report is March 15, 2024.
What is the company's former name?
The company's former name was SPAC II Acquisition Corp.
What is the company's principal business address?
The company's principal business address is Cheung Kong Center, 58 Floor, Unit 5801, 2 Queens Road Central, Central, K3.
Filing Stats: 547 words · 2 min read · ~2 pages · Grade level 14.2 · Accepted 2024-03-19 16:30:27
Filing Documents
- ea0201963-8k_aspac2.htm (8-K) — 33KB
- 0001213900-24-024055.txt ( ) — 260KB
- ascb-20240315.xsd (EX-101.SCH) — 4KB
- ascb-20240315_def.xml (EX-101.DEF) — 27KB
- ascb-20240315_lab.xml (EX-101.LAB) — 38KB
- ascb-20240315_pre.xml (EX-101.PRE) — 26KB
- ea0201963-8k_aspac2_htm.xml (XML) — 8KB
01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On March 15, 2024, A SPAC II Acquisition Corp. (the "Company") received a letter from The Nasdaq Stock Market LLC ("Nasdaq"), which stated that the Company no longer complies with Nasdaq's continued listing rules on The Nasdaq Global Market due to the Company not having maintained a minimum of 400 public holders for continued listing, as required pursuant to Nasdaq Listing Rule 5450(a)(2). In accordance with the Nasdaq listing rules, the Company has 45 calendar days to submit a plan to regain compliance and, if Nasdaq accepts the plan, Nasdaq can grant the Company an extension of up to 180 calendar days from the date of the letter to evidence compliance. The Company plans to submit a compliance plan within the specified period. 1 SIGNATURE 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. A SPAC II ACQUISITION CORP. Dated: March 19, 2024 By: /s/ Serena Shie Name: Serena Shie Title: Chief Executive Officer 2