Quetta Acquisition Corp: Nasdaq to delist common stock, rights and units

What happened Quetta Acquisition Corp reported that on Oct 7, 2026 it received a written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC notifying the company of Nasdaq’s determination to delist the company’s common stock, rights and units. The notice said the company’s registration statement became effective on Oct 5, 2023 and the company did not complete its initial business combination by Oct 5, 2026, causing Nasdaq to find noncompliance with Nasdaq Listing Rule IM-5101-2.

Key details

• Nasdaq will suspend trading in the company’s common stock, rights and units at the opening of business on Oct 14, 2026 and will file a Form 25-NSE to remove the securities from listing and registration on Nasdaq.
• The securities trade under the symbols QETA, QETAR and QETAU.
• The company does not intend to appeal Nasdaq’s determination.
• The company expects its common stock, rights and units to be quoted on the Pink Limited Market operated on The OTC Market systems after delisting and said it remains the intention of the company to complete its previously announced business combination with Smart Kreate Group Limited and to seek listing on Nasdaq or another national securities exchange in connection therewith.

Why it may matter This filing reported Item 3.01: notice of delisting or failure to satisfy a continued listing rule or standard, which covers Nasdaq’s determination to delist the company’s securities for failing to complete a business combination within 36 months of its initial public offering registration statement becoming effective. This filing does not show why the insider traded or why the company acted.