Stock market today: S&P 500 rides Apple-led tech rally to close higher
Insight Acquisition Corp. (NASDAQ: INAQ), a Delaware-based company specializing in patent ownership and leasing, has received a delisting warning from the Nasdaq Stock Market due to non-compliance with the market value requirement.
The notice, dated July 29, 2024, indicates that the company's market value of listed securities (MVLS) fell below the Nasdaq Capital Market's minimum threshold of $15 million over a span of 30 consecutive business days.
The current situation does not immediately affect the company's listing status; however, Insight Acquisition has until January 27, 2025, to meet the MVLS standard. To regain compliance, the company's MVLS must close at or above $15 million for at least ten consecutive business days within the 180-day grace period provided by Nasdaq.
Insight Acquisition's securities, which include units consisting of one share of Class A Common Stock and one-half of one Redeemable Warrant (NASDAQ: INAQU), Class A Common Stock (NASDAQ: INAQ), and Redeemable Warrants (NASDAQ: INAQW), remain actively traded on the Nasdaq Stock Market.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.