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AI brief of an SEC Form 8-K · Cayson Acquisition Corp (CAPN)

Cayson Acquisition Corp faces Nasdaq delisting over holder count and has appealed

Negative Impact 5 of 5 legal/regulatory Written later

Nasdaq has started procedures to delist Cayson Acquisition Corp's securities after the company did not show it met the Minimum Total Holders Rule by its extended October 26, 2026 deadline. The company has appealed the determination to keep its listing and says it expects to provide documentation that could make the matter moot before an appeal hearing is scheduled.

Key points

  • Nasdaq Listing Rule 5450(a)(2) requires at least 400 Total Holders, counting beneficial holders and holders of record.
  • Nasdaq extended the compliance deadline to October 26, 2026, but the company did not evidence compliance within that period.
  • Nasdaq notified the company on October 29, 2026 that it has initiated delisting procedures.
  • The company has appealed, and its appeal right ran through November 5, 2026.

The filing

CompanyCayson Acquisition Corp (CAPN)
Form8-K, current report
Filed with the SECNov 4, 2026, 5:15 PM ET
Accession number0001493152-26-049993

Items reported: 3.01 Delisting / Listing Rule Notice

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 04, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.