Ribbon Acquisition Corp. reported an aggregate $125,000 deposited into its trust account for public shareholders on October 23, 2026. The deposit enables the company to extend its initial business-combination period by one month, moving the deadline from October 15, 2026, to November 15, 2026.
Wolverine Asset Management, LLC, Wolverine Holdings, LLC, Christopher L. Gust, and Robert R. Bellick each report beneficial ownership of 0 Ribbon Acquisition Corp. Class A ordinary shares, equal to 0% of the class. Wolverine Asset Management is an investment adviser; Wolverine Holdings is its sole member and manager, and Gust and Bellick may be deemed to control Wolverine Holdings as its managers.
Ribbon Acquisition Corp. (RIBB) reported that an aggregate of $125,000 was deposited on August 11 into its trust account for the benefit of its public shareholders. This payment enables the company to extend the deadline to complete its initial business combination by one month, from September 15, 2026 to October 15, 2026.
Ribbon Acquisition Corp. (RIBB) reports that its Extraordinary General Meeting of Shareholders, originally scheduled for September 14, 2026 at 10:00 a.m. Eastern Time, has been rescheduled to November 14, 2026 at 10:00 a.m. Eastern Time.
Only shareholders of record as of the close of business on February 18, 2026 remain entitled to vote at the Extraordinary General Meeting. Proxies already submitted will be voted at the adjourned meeting unless properly revoked, so shareholders who have previously voted do not need to take further action.
Ribbon Acquisition Corp. (RIBB) reported results of its September 10, 2026 Extraordinary General Meeting, where shareholders approved all eight proposals related to its proposed business combination with DRC Medicine and the domestication of the company from the Cayman Islands to Delaware. Shareholders approved amendments removing the US$5,000,001 net tangible asset redemption constraint, the domestication to Delaware, the Business Combination Agreement with DRC Medicine entities, new Pubco organizational documents, Nasdaq share issuance and incentive plan approvals, a 2026 Incentive Award Plan, the election of seven Pubco directors, and an adjournment authorization.
Holders of 3,460,471 ordinary shares elected to redeem for an aggregate of $36,646,387.89, or about $10.59 per share. After redemption reversals covering 30,633 shares, 3,429,838 shares remain subject to redemption for approximately $36,321,984.42, leaving about $1,411,594.05 in the trust account.
Ribbon Acquisition Corp. (symbol: RIBB) is the issuer of record for a Form 8-K filing submitted to the SEC.
Ribbon Acquisition Corp. reported that an aggregate of $125,000 (the “Extension Payment”) was deposited on August 11, 2026 into its trust account for the benefit of public shareholders. This payment allows the company to extend the deadline to complete its initial business combination by one month, from August 15, 2026 to September 15, 2026 (the “Extension”). The company remains listed on Nasdaq under the symbols RIBB (Class A ordinary shares), RIBBU (units), and RIBBR (rights).
Ribbon Acquisition Corporation, a Cayman Islands SPAC listed on Nasdaq, reports that as of June 30, 2026 it held $38.4 million in cash and marketable securities in its trust account and total assets of $38.5 million. Current assets outside the trust were minimal at $75,669, and current liabilities were $1.8 million, resulting in a working capital deficit of about $1.8 million.
For the six months ended June 30, 2026, Ribbon recorded net income of $233,154, driven by $649,551 of interest income on trust investments, offset by $416,397 of operating expenses. Class A ordinary shares subject to possible redemption totaled $35.1 million, reflecting redemptions of 1,436,867 public shares for $14.9 million at approximately $10.40 per share in January 2026.
The company has until January 16, 2027 to complete its initial business combination with DRC Medicine Ltd. and related parties, under a Business Combination Agreement valuing the target at an equity value of 350,000,000, with consideration shares determined by the SPAC’s redemption price. Management discloses that mandatory liquidation if no deal closes by the deadline, combined with limited working capital, raises substantial doubt about Ribbon’s ability to continue as a going concern. Subsequent extension deposits of $125,000 per month continue to be made into the trust.
Ribbon Acquisition Corp. deposited an aggregate $125,000 into its trust account for public shareholders. This Extension Payment allows the company to extend the period to consummate its initial business combination by one month, from July 15, 2026 to August 15, 2026.
Ribbon Acquisition Corp. is incorporated in the Cayman Islands, and its Class A ordinary shares, units and rights trade on The Nasdaq Stock Market under the symbols RIBB, RIBBU and RIBBR, respectively.
Ribbon Acquisition Corp. deposited $125,000 into its trust account to extend the deadline to complete its initial business combination by one month, moving the date from June 15, 2026 to July 15, 2026. This payment supports continued efforts to find and close a suitable merger target.
The company also received a notice from Nasdaq on June 9, 2026 confirming it has regained compliance with Nasdaq Listing Rule 5250(f) after paying a past due fee balance. Ribbon Acquisition is now in compliance with all applicable Nasdaq continued listing requirements, resolving the earlier non-compliance previously disclosed.