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Iron Horse Acquisitions Corp. (NASDAQ:IROH) announced it received a notice from the Nasdaq Stock Market regarding non-compliance with the exchange’s continued listing requirements. According to a press release statement and SEC filing, the company was notified on Wednesday by Nasdaq’s Listing Qualifications Department that its Minimum Value of Listed Securities (MVLS) has been below $50 million for the last 30 consecutive business days, as required by Nasdaq Listing Rule 5450(b)(2)(A).
The notice does not have an immediate effect on the listing of Iron Horse Acquisitions’ securities on the Nasdaq Global Market. The company has been granted 180 calendar days, until February 16, 2026, to regain compliance. To do so, its MVLS must meet or exceed $50 million for at least ten consecutive business days within the compliance period.
If Iron Horse Acquisitions regains compliance, Nasdaq staff will provide written confirmation and the matter will be closed. If the company does not regain compliance by the deadline, it will receive a written notification that its securities are subject to delisting. At that point, Iron Horse Acquisitions may appeal the determination to a Nasdaq Hearings Panel.
Iron Horse Acquisitions stated it anticipates that consummating its pending business combination may help it meet the MVLS requirement, but there is no assurance it will be able to do so. For investors tracking this development, InvestingPro offers real-time monitoring of financial health metrics and company developments, with additional 7 key insights available to subscribers.
The company’s securities affected include its units (NASDAQ:IROHU), common stock (NASDAQ:IROH), redeemable warrants (NASDAQ:IROHW), and rights (NASDAQ:IROHR), all listed on the Nasdaq Stock Market.
This information is based on a press release statement and the company’s Form 8-K filing with the Securities and Exchange Commission.
In other recent news, Iron Horse Acquisitions Corp. has postponed its special meeting of stockholders. According to a recent SEC filing, the meeting was initially opened but then adjourned without conducting any business, except for approving the adjournment itself. The meeting, which was intended to address the Extension Amendment Proposal and the Trust Amendment Proposal, is now rescheduled to reconvene on June 25. Stockholders have until June 24 to change or revoke their previous votes on these proposals. These developments are part of the company’s ongoing efforts to address matters outlined in its proxy statement filed on May 30. The rescheduling allows stockholders additional time to consider the proposals before the new meeting date.
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