Nasdaq Flags K&F Growth II for Missing Minimum Holder Count
KFII is trading near its 52-week low of $9.979 (6.4% above the low).
Summary
K&F Growth Acquisition Corp. II received a Nasdaq deficiency notice on August 19, 2026, for failing to meet the minimum 400 total holders requirement. The company has 45 days to submit a compliance plan and may seek a transfer to Nasdaq Capital Market.
Key Events · Legal and Risk Events · KFII
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Nasdaq Deficiency Notice Received
On August 19, 2026, the company received a notice from Nasdaq indicating non-compliance with Listing Rule 5450(a)(2), which requires at least 400 total holders for continued listing on the Nasdaq Global Market.
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45-Day Compliance Plan Deadline
The company has 45 calendar days to submit a plan to regain compliance. If Nasdaq accepts the plan, the company may receive an extension of up to 180 calendar days from the notice date.
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Potential Transfer to Nasdaq Capital Market
As an alternative, the company may consider applying to transfer its securities to The Nasdaq Capital Market, which has different listing requirements.
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Compounding Distress Signals
This deficiency notice follows the company's recent 10-Q disclosure that cash is nearly gone and the sponsor is deferring fees, with a November 6 deadline to complete a business combination or liquidate.
Analysis · KFII · Real Estate & Construction
A new listing-compliance risk has emerged for the SPAC: Nasdaq issued a deficiency notice for failing to maintain at least 400 total holders. This compounds an already precarious situation, as the company faces a cash crunch and a November 6 deadline to complete a business combination or liquidate. It now has 45 days to submit a compliance plan and may seek a transfer to Nasdaq Capital Market, but the notice underscores the mounting pressure on the vehicle as it races against its termination clock.
At the time of this filing, KFII was trading at $10.62 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $416.9M. The 52-week trading range was $9.98 to $10.65. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.