Announcement • Nov 16
Insight Acquisition Corp. announced delayed 10-Q filing On 11/15/2024, Insight Acquisition Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Oct 25
Insight Acquisition Corp. announced that it has received $2.63 million in funding from Streeterville Capital, LLC Insight Acquisition Corp. entered into a securities purchase agreement with Streeterville Capital, LLC to issue secured convertible promissory note at an principal amount of $2,890,000 for gross proceeds of $2,600,000 (after deducting an original issue discount of $260,000, and payment of $30,000 for the Investor’s legal, accounting, due diligence, asset monitoring, and other transaction expenses) on October 23, 2024. The Note will mature 18 months following the date the purchase price is delivered to the Company and and will be convertible into Class A common stock. The notes will accrue interest of 10% per annum. The transaction includes participation from new investor, Streeterville Capital, LLC. Announcement • Oct 03
Insight Acquisition receives notice from the Nasdaq Stock Market LLC Due to Non-Compliance with Nasdaq Interpretive Material IM-5101-2 Insight Acquisition Corp. (the ‘Company’) received a notice, dated September 27, 2024 (the ‘Notice’) from the Nasdaq Stock Market LLC (‘Nasdaq’), stating that the Company’s did not comply with Nasdaq Interpretive Material IM-5101-2, and that its securities are now subject to delisting. The Company’s registration statement filed in connection with the Company’s IPO became effective on September 1, 2021. Pursuant to IM-5101-2, the Company, a special purpose acquisition company, must complete one or more business combinations within 36 months of the effectiveness of its IPO registration statement. Since the Company failed to complete its initial business combination by September 1, 2024, the Company did not comply with IM-5101-2, and its securities are now subject to delisting. Unless the Company requests an appeal of this determination by October 4, 2024, trading of the Company’s securities will be suspended at the opening of business on October 8, 2024, and a Form 25-NSE will be filed with the Securities and Exchange Commission (the ‘SEC’), which will remove the Company’s securities from listing and registration on The Nasdaq Stock Market. The Company plans to request an appeal of the determination contained in the Notice. 
