A SPAC III Acquisition Corp. gets Nasdaq notice over $2.5 million equity shortfall
On May 20, 2026, A SPAC III Acquisition Corp. received a Nasdaq letter stating its stockholders' equity, as reported for the quarter ended March 31, 2026, was below the $2,500,000 minimum required for continued listing. The company has 45 calendar days to submit a compliance plan, and Nasdaq can grant up to 180 days if it accepts the plan, but the filing says there is no assurance the company will regain compliance or that Nasdaq will accept its plan.
- Nasdaq letter received May 20, 2026, citing Listing Rule 5550(b)(1) and the $2,500,000 minimum stockholders' equity requirement
- Company has 45 calendar days to submit a plan to regain compliance
- If accepted, Nasdaq can extend compliance time by up to 180 calendar days from the letter date
- Company says it is working on a compliance plan; no assurance of regaining compliance is given