Form 8-K - Current report
December 05 2023 - 7:19AM
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): November 27, 2023
IRIS ACQUISITION CORP
(Exact name of registrant as specified in its charter)
Delaware |
|
001-40167 |
|
85-3901431 |
(State or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(IRS Employer
Identification No.) |
3rd Floor Zephyr House
122 Mary Street, George
Town
PO Box 10085
Grand Cayman KY1-1001, Cayman Islands
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including
area code: 971
4 3966949
(Former name or former address,
if changed since last report)
Check the appropriate box
below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
provisions:
¨ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
¨ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
¨ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b)
of the Act:
Title of each class |
|
Trading
Symbol(s) |
|
Name of each
exchange on
which registered |
|
|
|
|
|
Units, each consisting of one share of Class A Common Stock and one-fourth of one Redeemable Warrant |
|
IRAAU |
|
The Nasdaq Stock Market LLC |
|
|
|
|
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Class A Common Stock, par value $0.0001 per share |
|
IRAA |
|
The Nasdaq Stock Market LLC |
|
|
|
|
|
Warrants, each exercisable for one share of Class A Common Stock $11.50 per share |
|
IRAAW |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether
the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter)
or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth
company x
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
Item 3.01 |
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. |
Iris Acquisition Corp
(the “Company”) received a written notice on November 27, 2023, from the Listing Qualifications Department (the “Staff”)
of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that because it has not yet filed its Form 10-Q for the period
ended September 30, 2023 (the “Filing”), it no longer complies with Listing Rule 5250(c)(1) (the “Rule”) of Nasdaq’s
Listing Rules (the “Rules”) for continued listing.
In accordance with the
Rule, the Company has 60 calendar days to submit a plan to regain compliance and if Nasdaq accepts the Company’s plan, Nasdaq can
grant an exception of up to 180 calendar days from the Filing’s due date, or until May 20, 2024, to regain compliance.
The Company intends to
regain compliance with the Rule by filing its Form 10-Q as soon as possible.
Forward Looking Statements
Certain information contained
in this report consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that
involve risks, uncertainties and assumptions that are difficult to predict. Words such as “will,” “would,” “may,”
“intends,” “anticipates,” “potential,” and similar expressions, or the use of future tense, identify
forward-looking statements, but their absence does not mean that a statement is not forward-looking. Such forward-looking statements are
not guarantees of performance and actual actions or events could differ materially from those contained in such statements. For example,
there can be no assurance that the Company will regain compliance with the Nasdaq Listing Rules in the future, or otherwise meet Nasdaq
compliance standards, that the Company will be eligible for a second compliance period, or that Nasdaq will grant the Company any relief
from delisting as necessary or that the Company can ultimately meet applicable Nasdaq requirements for any such relief. The forward-looking
statements contained in this report speak only as of the date of this report and the Company undertakes no obligation to publicly update
any forward-looking statements to reflect changes in information, events or circumstances after the date of this report, unless required
by law.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
The following exhibit is filed with this Form 8-K:
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
|
IRIS ACQUISITION CORP |
Dated: December 5, 2023 |
|
|
|
|
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By: |
/s/ Sumit Mehta |
|
|
Name: |
Sumit Mehta |
|
|
Title: |
Chief Executive Officer |
Exhibit 99.1
December 5, 2023 Iris Acquisition Corp (the “Company”)
received a written notice on November 27, 2023, from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock
Market LLC (“Nasdaq”) notifying the Company that because it has not yet filed its Form 10-Q for the period ended September
30, 2023 (the “Filing”), it no longer complies with Listing Rule 5250(c)(1) (the “Rule”) of Nasdaq’s Listing
Rules (the “Rules”) for continued listing.
In accordance with the Rule, the Company has 60 calendar days to submit
a plan to regain compliance and if Nasdaq accepts the Company’s plan, Nasdaq can grant an exception of up to 180 calendar days from
the Filing’s due date, or until May 20, 2024, to regain compliance.
The Company intends to regain compliance with the Rule by filing its
Form 10-Q as soon as possible.
Forward Looking Statements
Certain information contained in this report consists of forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks, uncertainties and assumptions
that are difficult to predict. Words such as “will,” “would,” “may,” “intends,” “anticipates,”
“potential,” and similar expressions, or the use of future tense, identify forward-looking statements, but their absence does
not mean that a statement is not forward-looking. Such forward-looking statements are not guarantees of performance and actual actions
or events could differ materially from those contained in such statements. For example, there can be no assurance that the Company will
regain compliance with the Nasdaq Listing Rules in the future, or otherwise meet Nasdaq compliance standards, that the Company will be
eligible for a second compliance period, or that Nasdaq will grant the Company any relief from delisting as necessary or that the Company
can ultimately meet applicable Nasdaq requirements for any such relief. The forward-looking statements contained in this report speak
only as of the date of this press release and the Company undertakes no obligation to publicly update any forward-looking statements to
reflect changes in information, events or circumstances after the date of this press release, unless required by law.
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Entity File Number |
001-40167
|
Entity Registrant Name |
IRIS ACQUISITION CORP
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Entity Central Index Key |
0001831874
|
Entity Tax Identification Number |
85-3901431
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
3rd Floor Zephyr House
|
Entity Address, Address Line Two |
122 Mary Street, George
Town
|
Entity Address, Address Line Three |
PO Box 10085
|
Entity Address, City or Town |
Grand Cayman
|
Entity Address, Country |
KY
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KY1-1001
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971
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Security Exchange Name |
NASDAQ
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Common Class A [Member] |
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Document Information [Line Items] |
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Title of 12(b) Security |
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Security Exchange Name |
NASDAQ
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Warrant [Member] |
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Document Information [Line Items] |
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Title of 12(b) Security |
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