DelistingMay 29, 2026, 12:58 PM
Cuprina Completes Reverse Split, Appeals Nasdaq Delisting
AI Summary
Cuprina Holdings completed a reverse stock split on May 27, 2026, and requested a hearing with the Nasdaq Hearings Panel to appeal a delisting determination. The company received a notice on May 27, 2026, stating it failed to regain compliance with Nasdaq's $1.00 minimum bid price requirement by the May 26, 2026 deadline. The hearing request will stay the suspension of its securities, allowing them to continue trading on Nasdaq while the appeal is pending. Cuprina remains committed to maintaining its Nasdaq listing.
Key Highlights
- Cuprina completed a reverse stock split on May 27, 2026.
- Received Nasdaq delisting determination on May 27, 2026.
- Failed to meet Nasdaq's $1.00 minimum bid price requirement.
- Filed an appeal request with Nasdaq Hearings Panel on May 28, 2026.
- Initial non-compliance notice received on November 26, 2025.
- 180-day compliance period ended on May 26, 2026.
- Securities will continue to trade on Nasdaq during the appeal process.
Price Impact
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