STOCK TITAN

Delisting Notice: Quetta Acquisition (NASDAQ: QETA) to seek hearing

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
425

Rhea-AI Filing Summary

Quetta Acquisition Corporation received Nasdaq notice of delisting after failing to meet the $50,000,000 minimum Market Value of Listed Securities requirement. Nasdaq determined to delist on April 6, 2026

The Company previously had a 180-calendar-day compliance period that expired March 2, 2026. An attempted transfer to the Nasdaq Capital Market on February 23, 2026 failed because the Company did not meet the minimum requirement of 300 public holders. Nasdaq also found the Company does not satisfy the continued listing requirement of at least 400 total holders, a separate basis for delisting. The Company intends to request a hearing before a Nasdaq Hearings Panel by April 13, 2026, which will stay the suspension of the Company’s securities pending the Panel’s decision.

Positive

  • None.

Negative

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Insights

Nasdaq has determined to delist QETA for failing MVLS and holder-count rules; a hearing request will stay suspension.

The filing states Nasdaq determined to delist Quetta Acquisition Corporation on April 6, 2026 for failure to meet the $50,000,000 Market Value of Listed Securities requirement and for failing listing thresholds for public and total holders. The Company applied to transfer to the Nasdaq Capital Market but did not meet the 300 public holders requirement on February 23, 2026.

Quetta intends to request a hearing by April 13, 2026, which will stay any suspension while the Panel decides. The near-term outcome depends on the Panel’s decision and any steps the Company takes to regain compliance.

MVLS threshold $50,000,000 Nasdaq minimum Market Value of Listed Securities requirement
Compliance period length 180-calendar-day Compliance period provided to regain MVLS
Compliance period expiration March 2, 2026 Expiration date for the 180-calendar-day period
Transfer application date February 23, 2026 Date Company applied to transfer to Nasdaq Capital Market
Public holders requirement 300 public holders Nasdaq Listing Rule 5550(a)(3) minimum for Capital Market transfer
Total holders requirement 400 total holders Nasdaq Listing Rule 5450(a)(2) continued listing requirement
Delisting determination date April 6, 2026 Date Nasdaq determined to delist the Company’s securities
Hearing request deadline April 13, 2026 Company intends to timely request a hearing before a Nasdaq Hearings Panel
Market Value of Listed Securities (MVLS) regulatory
"no longer satisfied the minimum Market Value of Listed Securities"
Nasdaq Capital Market regulatory
"applied to transfer the listing of 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.
Nasdaq Hearings Panel regulatory
"request a hearing before a Nasdaq Hearings Panel"
A Nasdaq hearings panel is a group of experts that reviews cases when a company's stock listing is at risk of being removed from the exchange. They evaluate whether the company has met certain standards and determine if it can keep trading on Nasdaq. This process matters to investors because it can affect a company's ability to raise money and maintain credibility in the market.
Nasdaq Listing Rule 5450(b)(2)(A) regulatory
"as set forth in Nasdaq Listing Rule 5450(b)(2)(A)"
Nasdaq Listing Rule 5550(a)(3) regulatory
"did not meet the minimum requirement of 300 public holders under Nasdaq Listing Rule 5550(a)(3)"

 

 

 

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

 

April 6, 2026

Date of Report (Date of earliest event reported)

 

Quetta Acquisition Corporation

(Exact Name of Registrant as Specified in its Charter)

 

Delaware   001-41832   93-1358026
(State or other jurisdiction
of incorporation)
  (Commission
File Number)
  (I.R.S. Employer
Identification No.)

 

1185 6th Avenue, Suite 304

New York, NY 10036

  10036
(Address of Principal Executive Offices)   (Zip Code)

 

Registrant’s telephone number, including area code: +1(212) 612-1400

 

N/A

(Former name or former address, if changed since last report)

 

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

 

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

 

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   QETAU   The Nasdaq Stock Market LLC
Common Stock   QETA   The Nasdaq Stock Market LLC
Rights   QETAR   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 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

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. ☐

 

 

 

 

 

 

IMPORTANT NOTICES

 

Important Notice Regarding Forward-Looking Statements

 

This Current Report on Form 8-K contains certain “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended. Statements that are not historical facts, including statements about Quetta Acquisition Corporation’s (the “Company”) ability to regain compliance with Nasdaq’s continued listing standards, the Company’s intentions to monitor its market value of listed securities, potential actions to regain compliance, and the possible outcomes with respect to Nasdaq’s continued listing determination, are forward-looking statements. Words such as “expect,” “believe,” “estimate,” “intend,” “plan,” and similar expressions indicate forward-looking statements.

 

These forward-looking statements are not guarantees of future performance and are subject to various risks and uncertainties, known and unknown, that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to: (i) the Company’s ability to regain compliance with Nasdaq’s continued listing requirements within the applicable compliance period; (ii) the potential delisting of the Company’s securities from Nasdaq; (iii) the Company’s ability to obtain approval for or complete a transfer of its securities to The Nasdaq Capital Market; (iv) the Company’s ability to execute its business strategy; and (v) other risks and uncertainties described in the Company’s filings with the Securities and Exchange Commission.

 

Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially from those indicated by the forward-looking statements. The Company cautions you not to place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date of this Current Report on Form 8-K, and the Company undertakes no obligation to update or revise any such statements, except as required by law.

 

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

 

Quetta Acquisition Corporation (the “Company”), as previously disclosed in its Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on September 10, 2025, received a notice from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company no longer satisfied the minimum Market Value of Listed Securities (“MVLS”) requirement of $50,000,000 for continued listing on the Nasdaq Global Market, as set forth in Nasdaq Listing Rule 5450(b)(2)(A). The Company was provided a 180-calendar-day compliance period, expiring on March 2, 2026, to regain compliance.

 

On February 23, 2026, the Company applied to transfer the listing of its securities to the Nasdaq Capital Market. However, the Company did not meet the minimum requirement of 300 public holders under Nasdaq Listing Rule 5550(a)(3) and, therefore, did not qualify for such transfer.

 

On April 6, 2026, the Company received written notice from Nasdaq stating that the Staff had determined to delist the Company’s securities due to its failure to regain compliance with the MVLS requirement. In addition, the Company does not satisfy the continued listing requirement of at least 400 total holders under Nasdaq Listing Rule 5450(a)(2), which constitutes a separate and independent basis for delisting.

 

The Company intends to timely request a hearing before a Nasdaq Hearings Panel (the “Panel”) by April 13, 2026. The hearing request will stay the suspension of the Company’s securities pending the Panel’s decision.

 

While the Company intends to take all reasonable actions to regain compliance with Nasdaq’s continued listing requirements, there can be no assurance that it will be successful in doing so or that the Panel will grant the Company’s request for continued listing.

 

 

 

 

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: April 10, 2026  
   
QUETTA ACQUISITION CORPORATION  
     
By: /s/ Zihan Chen  
Name: Zihan Chen  
Title: Chief Executive Officer and Director  

 

 

 

FAQ

What did Quetta Acquisition (QETA) disclose about Nasdaq delisting?

Quetta disclosed Nasdaq determined to delist its securities due to failure to meet the $50,000,000 MVLS requirement. The notice cited both MVLS noncompliance and insufficient holder counts as bases for delisting.

Why did Quetta’s transfer to the Nasdaq Capital Market fail?

The transfer attempt on February 23, 2026 failed because Quetta did not meet the minimum requirement of 300 public holders under Nasdaq Listing Rule 5550(a)(3). That deficiency prevented qualification for the transfer.

What holder-count rules did Nasdaq cite in Quetta’s delisting notice?

Nasdaq cited failure to meet the 300 public holders requirement for transfer and that Quetta does not satisfy the separate continued listing requirement of at least 400 total holders under Nasdaq Listing Rule 5450(a)(2).

Will Quetta’s securities be suspended immediately?

The Company intends to request a hearing by April 13, 2026; filing that hearing request will stay the suspension of the Company’s securities pending the Nasdaq Hearings Panel decision.

What was the compliance period Quetta was given to regain MVLS?

Nasdaq provided a 180-calendar-day compliance period that expired on March 2, 2026, for Quetta to regain compliance with the $50,000,000 Market Value of Listed Securities requirement.