Nasdaq Moves to Delist Quetta Acquisition; Trading Suspends October 14
QETA is trading near its 52-week low of $10.25 (13% above the low) on elevated volume (3.3× avg).
Summary
Nasdaq has determined to delist Quetta Acquisition's common stock, rights, and units after the SPAC failed to complete a business combination by the October 5, 2026 deadline. Trading will be suspended on October 14, 2026, and the company does not plan to appeal.
Key Events · Legal and Risk Events · QETA
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Nasdaq Delisting Determination
Nasdaq notified Quetta Acquisition on October 7, 2026, that it will delist the company's common stock, rights, and units for failing to complete a business combination within 36 months of its IPO registration effectiveness (October 5, 2023).
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Trading Suspension October 14
Trading in QETA, QETAR, and QETAU will be suspended at the opening of business on October 14, 2026, and Nasdaq will file Form 25-NSE to remove the securities from listing and registration.
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No Appeal Planned
The company does not intend to appeal Nasdaq's determination, accepting the delisting.
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OTC Pink Market Transition
Quetta expects its securities to be quoted on the OTC Pink Market under the same symbols, but there is no guarantee a broker will continue to make a market or that trading will continue.
Analysis · QETA · Real Estate & Construction
Quetta Acquisition received a Nasdaq delisting notice on October 7, 2026, after failing to complete a business combination within the required 36 months of its IPO registration effectiveness. Trading in QETA, QETAR, and QETAU will be suspended at the open on October 14, 2026, and the company does not intend to appeal. The company expects its securities to move to the OTC Pink Market, though there is no guarantee of continued trading. This is a critical negative event for a SPAC that was already facing going-concern uncertainty and a material weakness in internal controls. The delisting removes the exchange listing that SPAC investors rely on for liquidity and price discovery, and it raises serious questions about the viability of the pending Smart Kreate Group merger.
How filings like this one have moved
In the 30 days to Oct 13, 2026, 44.4% of the 297 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, QETA was trading at $11.61 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $40.4M. The 52-week trading range was $10.25 to $21.59. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.