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Bitcoin Miner Canaan Receives Nasdaq Delisting Warning Over Sub-$1 Share Price
Yahoo Finance· 2026-01-16 20:25
Core Viewpoint - Canaan Inc. has received a warning from Nasdaq regarding its share price falling below $1, which could lead to delisting if not addressed within the specified timeframe [1][3]. Group 1: Nasdaq Warning and Compliance - Canaan's American depositary shares (ADSs) have closed below $1 for 30 consecutive business days, triggering a deficiency notification from Nasdaq [2]. - The company has 180 calendar days, until July 13, 2026, to restore compliance by raising its ADS closing bid to at least $1 for 10 consecutive trading sessions [3]. - If compliance is not achieved by the deadline, Canaan may qualify for a second 180-day compliance window, contingent on Nasdaq staff review and a $5,000 application fee [4]. Group 2: Stock Performance and Market Conditions - Canaan's stock continued to trade below the $1 mark, dropping 3% to around $0.80, with the last quoted price at $0.798 as of January 16, 2026 [6]. - The stock has remained below $1 since October 2025, when the company announced a contract related to Bitcoin mining in Japan [7]. - Canaan's performance is closely tied to the demand for bitcoin mining machines and broader market conditions in the crypto industry, with executives acknowledging macroeconomic and regulatory risks [8].
JBDI Holdings Announces Receipt of Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
Globenewswire· 2026-01-14 18:52
Core Viewpoint - JBDI Holdings Limited has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement, allowing the company a compliance period until July 6, 2026 to regain compliance [1][2]. Group 1: Nasdaq Notification - The company’s ordinary shares failed to maintain a minimum bid price of $1.00 for 30 consecutive business days, as per Nasdaq Listing Rule 5550(a)(2) [1]. - The company has 180 calendar days, until July 6, 2026, to regain compliance with the minimum bid price requirement [2]. - If the company’s shares reach at least $1 for ten consecutive business days during this period, it will receive written confirmation of compliance [2]. Group 2: Compliance Options - If compliance is not regained by July 6, 2026, the company may be eligible for an additional compliance period, provided it meets other listing requirements [2]. - The company may need to execute a reverse stock split to meet the bid price requirement if necessary [2]. Group 3: Company Commitment - The CEO of JBDI Holdings Limited emphasized the importance of maintaining the Nasdaq listing for shareholder value and pledged efforts towards improved performance to meet listing standards [3]. Group 4: Company Overview - JBDI Holdings Limited specializes in environmentally friendly products and services, focusing on the revitalization, reconditioning, and recycling of drums and related containers in Singapore and Southeast Asia [5]. - The company has nearly four decades of industry experience and aims to help customers achieve a zero environmental impact footprint while optimizing resource allocation and reducing costs [5].
FAT Brands receives Nasdaq delisting notice after stock falls below $1
Yahoo Finance· 2026-01-12 17:28
Core Viewpoint - FAT Brands has received a delisting notice from Nasdaq due to its stock price falling below $1.00 for 30 consecutive days, with a compliance deadline of 180 days to regain the required stock price [1][4]. Group 1: Delisting Notice and Compliance - The company has until July 7, 2026, to regain compliance by closing above $1.00 for 10 consecutive days, or it will face delisting from the Nasdaq stock market [1]. - The delisting notice follows recent financial struggles, including debt acceleration notices from lenders and potential bankruptcy considerations [2]. Group 2: Stock Performance - FAT Brands' stock price has decreased nearly 80% over the past six months, dropping from a peak of $2.30 in September 2025 to $0.37 as of January 9, 2026 [4]. - The company has not maintained the Nasdaq requirement of a minimum stock price of $1.00 since November 19, 2025 [4]. Group 3: Financial Strategy and Operations - The company has financed its growth and debt reduction primarily through brand acquisitions, including notable purchases like Johnny Rockets in 2020 and Smokey Bones in 2023 [3]. - An internal memo indicated that FAT Brands is in "active talks" with bondholders to restructure its balance sheet while assuring franchisees that everyday operations would continue as usual [5].
IMTE Announces Receipt of Additional Delisting Determination Letter from Nasdaq
Prnewswire· 2026-01-06 12:50
Core Viewpoint - Integrated Media Technology Limited (IMTE) has received an additional delisting determination letter from Nasdaq due to its failure to file required financial reports, which jeopardizes its continued listing on the Nasdaq Stock Market [1][2]. Group 1: Delisting Determination - IMTE has not filed a Form 6-K containing an interim balance sheet and income statement for the second quarter, leading to non-compliance with Nasdaq Listing Rules [1]. - The company previously received a delisting determination letter on October 30, 2025, for failing to file its Form 20-F for the year ended December 31, 2024, which is a requirement under Nasdaq's Listing Rule 5250(c)(1) [2]. - A hearing was held on December 2, 2025, and the Nasdaq Hearings Panel granted an extension until January 30, 2026, for IMTE to demonstrate compliance with the periodic filing rule [2]. Group 2: Company Response - The Staff has notified the Panel to consider the additional delisting determination regarding IMTE's failure to file the Interim Report in their decision on the company's continued listing [3]. - IMTE plans to present its views regarding this additional deficiency to the Panel by January 9, 2026 [3]. Group 3: Company Overview - IMTE is engaged in trading Halal products, manufacturing and selling nano-coated plates for filters, and producing electronic glass [4].
Battered crypto stock surges on New Year’s first trading day
Yahoo Finance· 2026-01-02 19:40
Company Overview - Kindly MD, Inc. is a healthcare and healthcare data company that integrates prescription medicine with behavioral health services, operating specialty outpatient clinics on a subscription and fee-for-service basis [2] - The company offers a range of services including chronic pain management, cognitive behavioral therapy, trauma recovery, and preventive care, along with data collection and online marketing services [2] Recent Developments - In mid-May 2025, Kindly MD merged with Nakamoto Holdings Inc., a Bitcoin-focused firm, transforming into a Bitcoin treasury company and currently holds approximately 5,398 BTC valued at over $483.38 million [3] - On December 10, 2025, Kindly MD received a delisting notice from Nasdaq due to its shares failing to trade above the minimum bid price of $1 for 30 consecutive business days [4] Compliance and Stock Performance - Kindly MD has until June 8, 2026, to regain compliance with Nasdaq's listing requirements by maintaining a closing bid price of at least $1 for 10 consecutive trading days, with a possible extension [5] - Despite compliance challenges, Kindly MD's stock opened 2026 with a gain of over 12.28%, trading near $0.394, and showed a year-to-date gain of 7.37%, although it is down 20.20% over the past month [5][6]
Tile Shop Announces Effective Date for Stock Splits and Delisting from Nasdaq Capital Market
Globenewswire· 2025-12-12 16:58
Core Viewpoint - Tile Shop Holdings, Inc. is implementing a reverse and forward stock split in connection with its voluntary delisting from The Nasdaq Capital Market to reduce costs and focus on long-term growth [1][4]. Stock Split Details - The company will execute a 1-for-3,000 reverse stock split followed by a 3,000-for-1 forward stock split on December 15, 2025 [2]. - Stockholders with fewer than 3,000 shares will receive $6.60 in cash for each whole share held prior to the reverse split [3]. - Continuing stockholders will retain the same number of shares post-split, as the forward split will reconvert their fractional interests back into whole shares [3]. Delisting and Deregistration - The delisting and deregistration aim to save the company over $2.4 million annually by avoiding the costs associated with being a public reporting company [4]. - The company plans to file a Form 25 with the SEC on December 17, 2025, to initiate the delisting process [4]. - Following the delisting, a Form 15 will be filed around December 27, 2025, to deregister the common stock and suspend periodic reporting obligations [4]. Company Overview - Tile Shop is a leading specialty retailer in the U.S. for natural stone, man-made, and luxury vinyl tiles, operating 140 stores across 31 states and the District of Columbia [6].
Mingzhu Logistics Receives Nasdaq Delisting Notice,Plans Further Appeal
Globenewswire· 2025-12-11 14:28
Core Points - Mingzhu Logistics Holdings Limited announced that its securities will be delisted from the Nasdaq Capital Market, with trading suspended on December 12, 2025 [1][4] - The delisting is due to non-compliance with Nasdaq Listing Rule 5550(a)(2), which requires a minimum closing bid price of $1 per share for 30 consecutive business days [2] - The company was not eligible for the typical 180-calendar day cure period due to a Discretionary Panel Monitor imposed on May 20, 2025 [3] - The company intends to file an appeal with the Nasdaq Listing and Hearing Review Council within 15 days, although this will not prevent the scheduled suspension of trading [4] - Following the Nasdaq suspension, trading liquidity may become extremely limited, and the company expects its securities to be quoted in the Over-the-Counter (OTC) market [5] Company Overview - Mingzhu Logistics Holdings Limited, established in 2002 and headquartered in Shenzhen, China, is a 4A-rated professional trucking service provider [6] - The company offers tailored logistics solutions through a combination of self-owned fleets and subcontractors' fleets, focusing on regional logistics in Guangdong Province [6]
NYSE to delist Ardagh Metal Packaging warrants over low price
Yahoo Finance· 2025-12-01 11:31
Core Points - The NYSE has initiated the delisting process for Ardagh Metal Packaging's warrants due to "abnormally low selling price" levels [1] - Ardagh Metal Packaging will not contest the NYSE's decision, allowing the delisting process to proceed [2] - Each warrant allows the holder to purchase one ordinary share at an exercise price of $11.50 until 4 August 2026 [3] - Ardagh Group reported higher revenue of $2.5 billion for Q3 2025, an increase from $2.39 billion in Q3 2024, driven by growth in metal packaging operations [4]
Nokia To Delist From Paris Stock Exchange - NVIDIA (NASDAQ:NVDA), Nokia (NYSE:NOK)
Benzinga· 2025-11-04 12:12
Core Viewpoint - Nokia Corporation plans to delist its shares from the Euronext Paris stock exchange while maintaining listings on Nasdaq Helsinki and the New York Stock Exchange [1][2] Group 1: Delisting Plans - The decision to delist from Euronext Paris follows a review of trading volumes, costs, and administrative requirements associated with the Paris listing [2] - The delisting is expected to take effect within the next three months, pending approval from Euronext Paris's Board [2] Group 2: Share Performance - Nokia's shares on the NYSE have seen a significant increase, surging 44.4% over the past month, closing at $7.15 on Monday [3] - Nvidia Corp. has agreed to invest $1 billion for a 2.9% stake in Nokia, valuing the shares at $6.01 each [3] - Following this investment, Jefferies analyst Janardan Menon upgraded Nokia's rating from Hold to Buy [3] Group 3: Legal Developments - Nokia has filed a lawsuit against Warner Bros. Discovery, alleging infringement of its video encoding and decoding patents related to streaming services [4]
Springview Holdings Ltd Initiates Appeal Following Nasdaq Delisting Notice
Globenewswire· 2025-10-31 20:30
Core Points - Springview Holdings Ltd has failed to comply with Nasdaq Continued Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share for 30 consecutive business days [1][2] - The company was given a 180-day period until October 22, 2025, to regain compliance but did not meet this requirement, leading to a Staff Delisting Determination [2][3] - The company has appealed the delisting determination and requested a hearing, which is typically scheduled 30-45 days after the request [3] Company Overview - Springview Holdings Ltd is involved in the design and construction of residential and commercial buildings in Singapore, with operations dating back to 2002 [4] - The company offers a comprehensive range of services including new construction, reconstruction, additions, alterations, and general contracting [4] - Springview also provides post-project services such as defect repairs and maintenance, enhancing customer engagement and future project opportunities [4]