On April 1, 2026, Jena Acquisition Corporation II (the "Company") received a written notice from NYSE Regulation indicating that it is not in compliance with Section 802.01A of the NYSE Listed Company Manual. This section requires the Company to maintain a minimum of 300 public shareholders on a continuous basis. The Company has been granted a 45-day period to submit a business plan to the NYSE demonstrating how it intends to regain compliance within 18 months. The notice does not have an immediate impact on the listing or trading of the Company's securities. The Company plans to address this issue by potentially completing a de-SPAC transaction, which is a common route for companies in similar situations. The Company issued a press release on April 3, 2026, to announce the receipt of the notice, emphasizing that it will take the necessary steps to comply with the NYSE requirements. This situation highlights the challenges faced by SPACs in maintaining compliance with listing standards, particularly in terms of shareholder base.

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