Fifth Era gets Nasdaq notice on holder deficiency
Nasdaq has notified Fifth Era Acquisition Corp I that it is below the 400-holder requirement, starting a defined cure period but not triggering immediate delisting.
Rhea-AI Filing Summary
Fifth Era Acquisition Corp I (FERA) reported that on September 14, 2026 it received a written notice from Nasdaq stating it is not in compliance with Nasdaq Listing Rule 5450(a)(2), which requires at least 400 Total Holders for continued listing on the Nasdaq Global Market. The notice is a deficiency notification only and currently has no effect on the listing or trading of the company’s securities. Fifth Era has 45 calendar days, until October 29, 2026, to submit a plan to regain compliance, after which Nasdaq may grant up to an additional 180 calendar days to evidence compliance. The company is evaluating options to regain compliance with the Minimum Total Holders Requirement and may also consider applying to transfer its securities to the Nasdaq Capital Market.
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- Nasdaq deficiency notice for holder count: The company is not in compliance with Nasdaq Listing Rule 5450(a)(2), which requires at least 400 Total Holders for continued listing on the Nasdaq Global Market, creating a risk of adverse listing action if compliance is not regained.
Insights
Analyzing...
8-K Event Classification
Item 3.01 — Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
1 item
Item 3.01
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Securities
The company received a delisting notice, failed to satisfy a continued-listing rule or standard, or transferred its listing.
Key Figures
Minimum Total Holders Requirement: 400 Total Holders
Notice date: September 14, 2026
Plan submission deadline: October 29, 2026
+1 more
4 metrics
Minimum Total Holders Requirement
400 Total Holders
Nasdaq Listing Rule 5450(a)(2) requirement for Nasdaq Global Market
Notice date
September 14, 2026
Date Nasdaq notified Fifth Era Acquisition Corp I of non-compliance
Plan submission deadline
October 29, 2026
45 calendar days from the notice date to submit a compliance plan
Maximum extension period
180 calendar days
Potential additional time from the notice date for Nasdaq to allow evidence of compliance
Key Terms
Minimum Total Holders Requirement, Nasdaq Global Market, Nasdaq Capital Market, deficiency notification
4 terms
Minimum Total Holders Requirement regulatory
"to regain compliance with the Minimum Total Holders Requirement"
Nasdaq Global Market regulatory
"for continued listing on the Nasdaq Global Market"
The Nasdaq Global Market is a section of the stock exchange where larger, well-established companies are listed and publicly traded. It functions like a marketplace where investors can buy and sell shares of these companies, providing them with access to capital and opportunities for growth. Its role is important because it helps investors identify and invest in reputable companies with strong financial backgrounds.
Nasdaq Capital Market regulatory
"may consider applying to transfer its securities to The Nasdaq Capital Market"
The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.
deficiency notification regulatory
"The Notice is only a notification of deficiency, not of imminent delisting"
A deficiency notification is a formal notice from a regulator, exchange, or reviewer pointing out missing, unclear, or inadequate information in a company’s filing or application. It matters to investors because it can delay approvals, listings, fundraising or product launches and signal compliance or disclosure problems; think of it as a teacher returning a homework sheet with items circled that must be fixed before the work is accepted.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What Nasdaq compliance issue did Fifth Era Acquisition Corp I (FERA) disclose?
Fifth Era Acquisition Corp I disclosed that Nasdaq notified it on September 14, 2026 that it is not in compliance with Listing Rule 5450(a)(2), which requires at least 400 Total Holders for continued listing on the Nasdaq Global Market.
Does the Nasdaq notice immediately affect trading of FERA securities?
No. The company states the Nasdaq notice is a notification of deficiency, not of imminent delisting, and it currently has no effect on the listing or trading of Fifth Era Acquisition Corp I’s securities on the Nasdaq Global Market.
What deadline does FERA face to address the Nasdaq holder deficiency?
Fifth Era Acquisition Corp I has 45 calendar days, until October 29, 2026, to submit a plan to Nasdaq to regain compliance with the Minimum Total Holders Requirement for the Nasdaq Global Market.
How much extra time could FERA receive to regain Nasdaq compliance?
If Nasdaq accepts the company’s compliance plan, it may grant Fifth Era Acquisition Corp I an extension of up to 180 calendar days from the date of the September 14, 2026 notice to evidence compliance with the Minimum Total Holders Requirement.
What options is FERA considering to handle the Nasdaq deficiency?
Fifth Era Acquisition Corp I states it will consider implementing available options to regain compliance with the Minimum Total Holders Requirement and may alternatively consider applying to transfer its securities to The Nasdaq Capital Market.
What recourse does FERA have if Nasdaq rejects its compliance plan?
If Nasdaq does not accept the company’s plan, Fifth Era Acquisition Corp I will have the opportunity to appeal the decision before a Nasdaq Hearings Panel, according to the disclosure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
