Filing Overview
This Form 8-K was filed by Brilliant Acquisition Corporation, not T3 Defense Inc., and reports an event dated December 11, 2023. The company is a British Virgin Islands special purpose acquisition company whose securities trade on Nasdaq.
Material Event
On December 11, 2023, Nasdaq notified the company that it was not compliant with Listing Rule 5550(a)(3), which requires at least 300 public holders for continued listing on the Nasdaq Capital Market.
The notice is a deficiency notification, not an imminent delisting notice, and did not immediately affect the listing or trading of the company’s securities.
Listing Status and Next Steps
- The Nasdaq Hearings Panel had previously granted continued listing through December 23, 2023.
- The Panel is expected to consider the additional public-holder deficiency as part of its continued-listing decision.
- The company stated that it intended to submit its views to the Panel in writing by December 18, 2023.
Financial Information
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, balance-sheet data, or other operating financial metrics.
Investor Verification Points
- Verify that the filing applies to Brilliant Acquisition Corporation rather than T3 Defense Inc.
- Confirm the company’s number of public holders and whether it subsequently regained compliance with Nasdaq Rule 5550(a)(3).
- Review the Nasdaq Hearings Panel’s decision regarding continued listing after December 23, 2023.
- Assess any subsequent delisting, trading suspension, merger, liquidation, or other corporate action filings.