Ribbon Acquisition has received a Nasdaq warning because the market value of its listed securities has remained below the exchange’s $35 million minimum. The notice does not immediately affect trading: its Class A shares will continue to trade on the Nasdaq Capital Market under the symbol RIBB while the company works to meet the requirement.
- The shortfall lasted 30 consecutive business days. Nasdaq measured Ribbon’s market value below $35 million from Sept. 18 through Oct. 29, 2026.
- Other listing tests do not provide an alternative. Ribbon also does not meet Nasdaq’s continued-listing requirements for stockholders’ equity or net income from continuing operations.
- The company has until April 28, 2027, to regain compliance. It must close with a market value of listed securities of at least $35 million for at least 10 consecutive business days. Nasdaq may require up to 20 consecutive days.
- Trading continues for now. The notice has no immediate effect on the listing or trading of Ribbon’s Class A shares, though the company remains subject to Nasdaq’s other listing requirements.
- If the deadline is missed, delisting proceedings may follow. Nasdaq would notify Ribbon that its securities are subject to delisting; the company may then be eligible to appeal to a Nasdaq hearings panel.
The immediate issue is continued listing, not a change in the company’s business or capital structure. Ribbon says it will monitor its market value and evaluate options to meet Nasdaq’s requirement, but has not specified those options.