Board Change • Jul 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Daniel McCabe is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • May 02
Quetta Acquisition Corp Receives Notice of Non-Compliance with Nasdaq Listing Requirements On April 30, 2026 Quetta Acquisition Corporation (the Company), received written notice from the Listing Qualifications Department (the Staff) of The Nasdaq Stock Market LLC (Nasdaq) stating that the Company no longer complies with the minimum Market Value of Publicly Held Shares (MVPHS) requirement under Nasdaq Listing Rule 5450(b)(2)(C), which requires a minimum MVPHS of $15,000,000. The Notice was based on the Company's MVPHS for the 30 consecutive business day period from March 18, 2026 through April 29, 2026. In accordance with Nasdaq Listing Rule 5810(c)(3)(D), the Company has been provided a compliance period of 180 calendar days, or until October 27, 2026, to regain compliance. If at any time during the compliance period the Company's MVPHS equals or exceeds $15,000,000 for a minimum of ten consecutive business days, Nasdaq will provide written confirmation that the Company has regained compliance, subject to Nasdaq's discretion to require a longer period. The Notice has no immediate effect on the listing or trading of the Company's securities. The Company intends to actively monitor its MVPHS and may consider available options to regain compliance; however, there can be no assurance that the Company will be able to regain compliance within the applicable compliance period or otherwise maintain compliance with Nasdaq's continued listing requirements. Announcement • Apr 22
Quetta Acquisition Corporation Announces Notice of Delisting and Non-Compliance with Nasdaq Listing Requirements Quetta Acquisition Corporation (the Company), as previously disclosed in its Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on April 10, 2026, received written notice from the Listing Qualifications Department (the Staff) of The Nasdaq Stock Market LLC (Nasdaq) on April 6, 2026 stating that the Staff had determined to delist the Company's securities due to the Company's failure to regain compliance with the minimum Market Value of Listed Securities (MVLS) requirement. In addition, the Company does not satisfy the continued listing requirement of at least 400 total holders under Nasdaq Listing Rule 5450(a)(2), which constitutes a separate and independent basis for delisting. The Company has requested a hearing before a Nasdaq Hearings Panel. On April 20, 2026, the Company received an additional written notice from Nasdaq stating that, because the Company had not yet filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2025, the matter serves as an additional basis for delisting the Company's securities from Nasdaq. Nasdaq further informed the Company that the Company must notify the Hearings Panel by April 27, 2026 that it intends to address this matter at its previously scheduled hearing on May 14, 2026 in order to obtain a stay of the suspension of trading of the Company's securities pending the Panel's decision. On April 21, 2026, the Company notified the Hearings Panel that it intends to address this matter at the hearing. The Company intends to file its Annual Report on Form 10-K as soon as practicable. However, there can be no assurance that the Panel will grant the Company's request for continued listing or any stay, or that the Company will regain compliance with all applicable listing standards. 
