DelistingAug 7, 2026, 04:24 PM
Avalanche Treasury Corp Faces Nasdaq Delisting for Bid Price, MVLS
AI Summary
Avalanche Treasury Corp (AVAT) received two deficiency letters from Nasdaq on August 6, 2026, for non-compliance with listing rules. The company's Class A common stock traded below the minimum $1.00 bid price and its market value of listed securities (MVLS) fell below the $35 million threshold for 33 consecutive business days. AVAT has until February 2, 2027, to regain compliance for both issues, with potential delisting if requirements are not met.
Key Highlights
- Received Nasdaq deficiency letter for closing bid price below $1.00 for 33 consecutive business days.
- Received Nasdaq deficiency letter for MVLS below $35 million for 33 consecutive business days.
- Company has 180 calendar days, until February 2, 2027, to regain compliance with minimum bid price.
- Company has until February 2, 2027, to regain compliance with MVLS requirement.
- To regain bid price compliance, stock must close at $1.00+ for 10 consecutive business days.
- To regain MVLS compliance, MVLS must close at $35 million+ for 10 consecutive business days.
- Company may consider a reverse stock split to regain bid price compliance.
- Failure to comply could lead to delisting from The Nasdaq Capital Market.
Price Impact
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