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ARC Group Securities Acquisition I warrant value below $1M

Nasdaq says the notice does not currently affect warrant trading; an accepted plan could provide up to 180 calendar days to evidence compliance.

(High)

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Form Type
8-K

Rhea-AI Filing Summary

ARC Group Securities Acquisition I (FJDI) received a Nasdaq notice that its warrants do not meet the continued-listing requirement because their aggregate market value is below $1 million. The notice does not currently affect the warrants’ listing or trading, and it does not affect the company’s other securities.

The company intends to submit a plan by December 4, 2026, within the 45-calendar-day period. If Nasdaq accepts the plan, it may grant an extension of up to 180 calendar days from the October 20, 2026 notice, or until April 18, 2027, to evidence compliance. If compliance is not regained by the end of the granted period, Nasdaq could notify the company that the warrants will become subject to delisting.

Positive

  • None.

Negative

  • Minor pointOutstanding warrants’ aggregate market value was below Nasdaq’s $1 million continued-listing requirement.

Insights

Analyzing...

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.
Outstanding warrants’ aggregate market value Less than $1 million Nasdaq said the amount was below its continued-listing requirement.
Plan submission period 45 calendar days Period to submit a plan after the October 20, 2026 notice.
Plan submission deadline December 4, 2026 Deadline for submitting a plan to regain compliance.
Potential compliance extension Up to 180 calendar days Nasdaq may grant an extension if it accepts the plan.
Potential compliance period end date April 18, 2027 Date stated for the potential extension.
aggregate market value regulatory
"aggregate market value of its outstanding warrants"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.
continued listing criteria regulatory
"Nasdaq Global Market continued listing criteria"
A set of financial, reporting and corporate-governance requirements that a company must meet to remain listed on a stock exchange. Think of it like the rules and upkeep for a membership card: if a company fails to maintain minimum share price, market value, timely reports or other standards, the exchange can warn, suspend or remove the stock. For investors this matters because falling below these standards can reduce liquidity, increase risk and lead to sudden price drops or forced sales.
plan to regain compliance regulatory
"submit a plan to regain compliance"
hearings panel regulatory
"appeal the decision to a hearings panel"
A hearings panel is a review body at a stock exchange that hears the case when the exchange has decided a company no longer qualifies to keep its shares listed. The company presents a plan to regain compliance, and the panel decides whether the listing continues, on what conditions, and for how long. The decision can keep a stock trading or end its listing.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Why did FJDI receive a Nasdaq notice about its warrants?

ARC Group Securities Acquisition I received the notice because the aggregate market value of its outstanding warrants was less than $1 million, below the Nasdaq Global Market continued-listing requirement. The notice relates only to the warrants.

Can FJDI appeal if Nasdaq rejects its compliance plan?

Yes. If Nasdaq rejects the plan, Nasdaq rules permit the company to appeal the decision to a hearings panel.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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

 

Date of Report (Date of earliest event reported): October 20, 2026

 

ARC Group Securities Acquisition I

(Exact name of registrant as specified in its charter)

 

British Virgin Islands   001-43431   N/A

(State or other jurisdiction of

incorporation or organization)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification Number)

 

398 S Mill Avenue, Suite 306, Tempe, AZ 85284

(Address of principal executive offices, including zip code)

 

(928) 625-0928

(Registrant’s telephone number, including area code)

 

Check 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 (17 CFR 230.425)
   
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Units, each consisting of one Class A Ordinary Share, par value $0.0001 per share, one warrant, and one right to acquire 1/4th of one Class A Ordinary Share   FJDIU   The Nasdaq Stock Market LLC
Class A Ordinary Shares included as part of the Units   FJDI   The Nasdaq Stock Market LLC
Rights included as part of the Units   FJDIR   The Nasdaq Stock Market LLC
Warrants, each warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share   FJDIW   The Nasdaq Stock 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 or Rule 12b-2 of the Securities Exchange Act of 1934.

 

Emerging growth company ☒

 

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 October 20, 2026, ARC Group Securities Acquisition I (the “Company”) received a written notice from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that since the Company’s aggregate market value of its outstanding warrants was less than $1 million, the Company’s warrants are no longer in compliance with the Nasdaq Global Market continued listing criteria set forth in the Nasdaq Listing Rule 5452(b)(C), which requires the Company to maintain an aggregate market value of its outstanding warrants of at least $1 million (the “Notice”).

 

The Notice additionally indicates that, pursuant to the Listing Rules, the Company has 45 calendar days to submit a plan to regain compliance, and that the Company’s plan must be submitted to Nasdaq no later than December 4, 2026. If Nasdaq accepts the Company’s plan, Nasdaq may grant the Company an extension of up to 180 calendar days from the date of the Notice, or until April 18, 2027, to evidence compliance. If Nasdaq were to reject the Company’s plan, Nasdaq rules permit the Company to appeal the decision to a hearings panel.

 

The Notice serves only as a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company’s warrants on the Nasdaq Global Market. Additionally, the Notice relates only to the Company’s warrants and will have no effect on the listing or trading of the Company’s other securities. The Company intends to submit a plan to regain compliance within the 45 calendar day submission period, and, if Nasdaq accepts the plan to regain compliance, to subsequently regain compliance with Rule 5452(b)(C) within the compliance period granted by Nasdaq. While the Company is exercising diligent efforts to maintain the listing of its warrants on the Nasdaq Global Market, there can be no assurance that the Company will be able to regain or maintain compliance with the aggregate market value of outstanding warrants requirement of the Nasdaq Global Market. In addition, if the Company does not regain compliance by the end of the compliance period granted by Nasdaq, Nasdaq could provide notice that the Company’s warrants will become subject to delisting. In the event the Company receives notice that its warrants are being delisted, Nasdaq rules permit the Company to appeal any delisting determination by the Nasdaq staff to a hearings panel.

 

 

 

 

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 23, 2026  
   
ARC Group Securities Acquisition I  
   
By: /s/ Ian Hanna  
Name: Ian Hanna  
Title: Chief Executive Officer  

 

 

 

 

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