LAS VEGAS, NEVADA., April 03, 2026 (GLOBE NEWSWIRE) — Jena Acquisition Company II (the “Company”) introduced right this moment that on April 1, 2026, the Firm acquired a written discover from the employees of NYSE Regulation of the New York Inventory Change (“NYSE”) indicating that the Firm will not be in compliance with Part 802.01B of the NYSE Listed Firm Guide (the “Listing Rule”) which requires the Firm to keep up a minimal of 300 public stockholders on a steady foundation.
As permitted underneath the Itemizing Rule, the Firm plans to promptly submit a marketing strategy that demonstrates how the Firm expects to return to compliance with the Itemizing Rule inside 18 months of receipt of the Discover, which can contain finishing a de-SPAC transaction.
The Discover has no instant influence on the Firm’s securities, and offered the NYSE approves the plan, the Firm’s securities will proceed to be listed and traded on the NYSE through the 18-month treatment interval underneath their current ticker symbols.
About Jena Acquisition Company II
The Firm is a clean test firm integrated as a Cayman Islands exempted firm and shaped for the aim of effecting a merger, amalgamation, share alternate, asset acquisition, share buy, reorganization or comparable enterprise mixture with a number of companies. Whereas the Firm might pursue a enterprise mixture in any enterprise or business, it intends to capitalize on the power of its administration crew and initially focus its search on figuring out a potential goal enterprise that may profit from its co-founder and Chairman William P. Foley, II’s and its co-founder and Chief Government Officer Richard N. Massey’s historic areas of enterprise experience. W. Dabbs Cavin, Dexter Fowler and Tim Hsia shall be serving as board members.
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Ahead-Trying Statements
This press launch contains “forward-looking statements” throughout the that means of the secure harbor provisions of the USA Non-public Securities Litigation Reform Act of 1995. Sure of those forward-looking statements will be recognized by means of phrases equivalent to “believes,” “expects,” “intends,” “plans,” “estimates,” “assumes,” “may,” “should,” “will,” “seeks,” or different comparable expressions. These statements are primarily based on present expectations on the date of this press launch and contain numerous dangers and uncertainties which will trigger precise outcomes to vary considerably, together with the Firm’s capacity to submit a plan to regain compliance passable to NYSE Regulation; the Firm’s capacity to proof that it has a minimum of 300 public shareholders; and different dangers and uncertainties set forth within the Firm’s reviews filed with the Securities and Change Fee (the “SEC”). Copies of those reviews will be accessed by the SEC’s web site at www.sec.gov. The Firm doesn’t assume any obligation to replace or revise any such forward-looking statements, whether or not as the results of new developments or in any other case. Readers are cautioned to not put undue reliance on forward-looking statements.
Media Contact
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Richard N. MasseyCEOjenaacquisition.com
