Oak Woods Acquisition Corp 8-K
Research Summary
AI-generated summary
Oak Woods Acquisition Corp Receives Nasdaq Delisting Determination
What Happened
Oak Woods Acquisition Corporation (OAKU) filed an 8-K reporting that on February 5, 2026 Nasdaq’s Listing Qualifications staff issued a Staff Delisting Determination. Nasdaq found the company did not regain compliance with Listing Rule 5550(a)(3), which requires a minimum of 300 public holders, after an extension that ran through February 4, 2026. Nasdaq also noted the company remains non-compliant with Listing Rule 5620(a) for holding an annual shareholder meeting. The company is evaluating its options, including whether to request a hearing to appeal the determination; a timely hearing request would stay any trading suspension and the formal delisting filing.
Key Details
- Nasdaq issued the Staff Delisting Determination on February 5, 2026 for failure to meet the 300 public holders requirement (Nasdaq Listing Rule 5550(a)(3)).
- Nasdaq previously gave an extension through February 4, 2026; the company did not evidence compliance during that period.
- Nasdaq also cited non-compliance with the annual meeting requirement (Listing Rule 5620(a)) as an additional basis for delisting.
- Deadline to request a hearing to stay action: 4:00 p.m. Eastern Time on February 12, 2026; without a timely request, trading would be suspended at the open on February 17, 2026 and Nasdaq will file a Form 25‑NSE to remove the securities.
- The 8-K includes a press release issued by the company on February 11, 2026 (Exhibit 99.1).
Why It Matters
A Nasdaq delisting determination is material for investors because suspension and removal from Nasdaq would reduce liquidity and could limit visibility and capital-raising options for OAKU. If the company requests and obtains a hearing, suspension and the delisting filing will be stayed pending the hearing outcome; if not, common shares, units, warrants and rights would be suspended and delisted per Nasdaq’s process. Investors should watch for the company’s decision on a hearing and further filings or press releases for updates.