WILMINGTON, DE — Charlton Aria Acquisition Corporation (Nasdaq: CHARU) has received a second Nasdaq deficiency notice after failing to file its quarterly report on time, increasing pressure on the blank-check company to bring its financial reporting current and avoid potential listing consequences.
The company disclosed that Nasdaq notified it that it is no longer in compliance with Listing Rule 5250(c)(1) because it has not filed its Form 10-Q for the quarter ended March 31, 2026.
The latest notice follows an earlier deficiency notification issued in April related to the company’s failure to file its annual report on Form 10-K for the year ended December 31, 2025.
Nasdaq has given the company until June 15 to either file both delinquent reports or submit a compliance plan outlining how it intends to regain compliance with exchange requirements.
The notice does not immediately affect the trading or listing of the company’s securities on the Nasdaq Global Market.
If Nasdaq accepts a remediation plan, Charlton Aria could receive an extension through October 12, 2026, to become current with its reporting obligations. If the exchange rejects the plan, the company would have the right to appeal the decision before a Nasdaq Hearings Panel.
The reporting delays create an additional challenge for the special purpose acquisition company, or SPAC, as it seeks to maintain exchange compliance while pursuing a future business combination.
SPACs rely on timely financial reporting to preserve exchange listings and investor confidence during the period between their initial public offerings and the completion of acquisition transactions.
Charlton Aria stated that it intends to file both the overdue Form 10-K and Form 10-Q as promptly as possible. If the filings are not completed by June 15, the company indicated it plans to submit a compliance proposal to Nasdaq.
The Cayman Islands-incorporated company was formed to pursue a merger, acquisition, share exchange, recapitalization, reorganization, or similar business combination with one or more operating businesses. It has not publicly identified a target company.
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