Monitor for any updates on the business combination with Smart Kreate Group Limited and whether the company can secure a new listing on Nasdaq or another exchange. The move to OTC Pink will likely result in a significant drop in trading volume and price. Watch for any shareholder vote or extension proposal.
Price Chart
Executive Summary
Quetta Acquisition Corp received a Nasdaq delisting notice on October 7, 2026, because it failed to complete a business combination within the 36-month deadline (by October 5, 2026) as required by Nasdaq Listing Rule IM-5101-2. Trading in QETA, QETAR, and QETAU will be suspended at the open on October 14, 2026, and the company will not appeal. The securities are expected to move to the OTC Pink market, but the company still intends to complete its previously announced business combination with Smart Kreate Group Limited.
Key Facts
- Nasdaq notified Quetta Acquisition Corp on October 7, 2026, of its determination to delist the company's common stock, rights, and units.
- The delisting is due to failure to complete a business combination within 36 months of the IPO registration statement's effectiveness (October 5, 2023 – October 5, 2026).
- Trading will be suspended at the opening of business on October 14, 2026.
- The company does not intend to appeal Nasdaq's determination.
- The company expects its securities to be quoted on the OTC Pink market under the same symbols (QETA, QETAR, QETAU), but no guarantee of a market maker.
- The company still intends to complete its previously announced business combination with Smart Kreate Group Limited and seek relisting on Nasdaq or another exchange.
Financial Impact
Forced delisting from Nasdaq to OTC Pink severely reduces liquidity and institutional ownership. The SPAC's trust cash (if any remains) and the viability of the pending business combination with Smart Kreate Group Limited are now highly uncertain.
Risk Factors
- Failure to complete the business combination with Smart Kreate Group Limited could lead to liquidation of the SPAC trust, resulting in a total loss for equity holders.
- No guarantee that a broker will make a market in the securities on OTC Pink, potentially making them illiquid.
- The company may not be able to relist on a national exchange even if the business combination is completed.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-046638 |
| Document: 0001493152-26-046638-index-headers.html | 0001493152-26-046638 |
| Document: 0001493152-26-046638-index.html | 0001493152-26-046638 |
| Document: 0001493152-26-046638.txt | 0001493152-26-046638 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 13d ago | 8-K | $11.30 $11.30 | · 0.00% | ▼ −0.45% | $11.57 (+2.43%) |
Oct 9, 2026 17d ago | 8-K | $11.60 $11.30 | ▲ +2.59% | ▲ +1.09% | $11.57 (+0.22%) |
Oct 7, 2026 18d ago | 8-K | $11.60 $11.55 | ▼ −0.43% | ▼ −0.15% | $11.57 (−0.22%) |
Aug 10, 2026 11w ago | 8-K | $11.74 $11.74 | · 0.00% | ▲ +0.40% | $11.57 (−1.41%) |
US Market Status
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