DelistingJul 13, 2026, 08:11 AM
BNB Plus Faces Nasdaq Delisting, Moves to OTCQB Market
AI Summary
BNB Plus Corp. announced it received a delisting determination from Nasdaq due to non-compliance with the minimum $1.00 bid price requirement. Trading of its common stock on Nasdaq will be suspended at the open of trading on July 14, 2026. The company intends to request a review by the Nasdaq Listing and Hearing Review Council, but this will not stay the delisting. Its common stock is expected to transition to the OTCQB Venture Market under the symbol 'BNBX' on the same date, which is noted as a significantly more limited and less liquid market.
Key Highlights
- BNB Plus Corp. received a delisting notice from Nasdaq on July 10, 2026.
- Nasdaq will suspend trading of the company's common stock on July 14, 2026.
- Delisting is due to non-compliance with the $1.00 bid price requirement (Nasdaq Listing Rule 5550(a)(2)).
- The company will request a review by the Nasdaq Listing and Hearing Review Council.
- The request for review will not stay the delisting determination.
- Common stock is expected to begin trading on the OTCQB Venture Market under 'BNBX' on July 14, 2026.
- The OTCQB Venture Market is a significantly more limited and less liquid market.
Price Impact
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