ASPAC II Acquisition Corp. Faces Delisting Notice

Ticker: ASCWF · Form: 8-K · Filed: Sep 19, 2024 · CIK: 1876716

Sentiment: bearish

Topics: delisting, listing-rules, spac

TL;DR

ASPAC II Acquisition Corp. got a delisting notice - stock might be in trouble.

AI Summary

ASPAC II Acquisition Corp. filed an 8-K on September 19, 2024, to report a notice of delisting or failure to satisfy a continued listing rule. The company, formerly known as SPAC II Acquisition Corp., is incorporated in Delaware and has a fiscal year end of December 31. Its business address is in Central, Hong Kong.

Why It Matters

This filing indicates potential delisting from an exchange, which could significantly impact the liquidity and trading of ASPAC II Acquisition Corp.'s securities.

Risk Assessment

Risk Level: high — A notice of delisting directly threatens the company's ability to remain publicly traded, posing a significant risk to investors.

Key Players & Entities

FAQ

What specific listing rule or standard has ASPAC II Acquisition Corp. failed to satisfy?

The filing does not specify the exact rule or standard that ASPAC II Acquisition Corp. has failed to satisfy, only that a notice of delisting or failure to satisfy a continued listing rule has been issued.

What is the expected timeline for the delisting process, if it proceeds?

The provided 8-K filing does not contain information regarding the expected timeline for any potential delisting process.

Has ASPAC II Acquisition Corp. taken any steps to rectify the situation that led to this notice?

The filing does not detail any specific actions taken by ASPAC II Acquisition Corp. to address the reasons for the delisting notice.

What is the significance of the company's former name, SPAC II Acquisition Corp.?

The former name indicates a previous corporate identity for ASPAC II Acquisition Corp., with a name change occurring on August 3, 2021.

Where is ASPAC II Acquisition Corp. incorporated and what is its fiscal year end?

ASPAC II Acquisition Corp. is incorporated in Delaware (D8) and its fiscal year ends on December 31.

Filing Stats: 604 words · 2 min read · ~2 pages · Grade level 14.5 · Accepted 2024-09-19 08:30:08

Filing Documents

From the Filing

United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 September 13, 2024 Date of Report (Date of earliest event reported) A SPAC II Acquisition Corp . (Exact Name of Registrant as Specified in its Charter) British Virgin Islands 001-40318 N/A (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 289 Beach Road #03-01 Singapore 199552 N/A (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: +65 6818 5796 N/A (Former name or former address, if changed since last report) Che ck the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act Soliciting material pursuant to Rule 14a-12 under the Exchange Act Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act Securitie s registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Units, each consisting of one Class A ordinary share , with no par value, one-half of one redeemable warrant and one right to receive one-tenth of one Class A ordinary share ASCBU The Nasdaq Global Market LLC Class A ordinary shares included as part of the units ASCB The Nasdaq Global Market LLC Rights included as part of the units ASCBR The Nasdaq Global Market LLC Warrants included as part of the units ASCBW The Nasdaq Global Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On September 13, 2024, A SPAC II Acquisition Corp. (the "Company") received a letter from The Nasdaq Stock Market LLC ("Nasdaq") stating that the Company did not comply with the minimum 400 total shareholders requirement for continued listing on the Nasdaq Global Market, and had failed to regain compliance with Nasdaq Listing Rule 5450(a)(2) during the extension period which ended on September 11, 2024. The Company has until September 20, 2024 to request a hearing before the Nasdaq Hearings Panel (the "Panel"). If the Company does not request a hearing before the Panel by that date, trading in its securities will be suspended at the opening of business on September 24, 2024 and a Form 25 NSE will be filed with the Securities and Exchange Commission ("SEC") removing the securities from listing and registration on The Nasdaq Stock Market. In the event the Company's securities are delisted from Nasdaq, its securities are expected to trade over-the-counter. In that case, the Company intends to apply to list on Nasdaq in connection with the closing of a potential business combination. 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: September 19, 2024 By: /s/ Serena Shie Name: Serena Shie Title: Chief Executive Officer 2

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