DelistingMay 29, 2026, 05:07 PM
Edible Garden Faces Nasdaq Delisting; Plans Appeal
AI Summary
Edible Garden AG Inc. received a delisting notice from Nasdaq on May 27, 2026, for failing to maintain a minimum bid price of $1 per share for 30 consecutive business days. Due to prior reverse stock splits, the company is not eligible for a compliance period. Trading of its securities is set to be suspended on June 5, 2026, unless the company appeals. Edible Garden intends to request a hearing by June 3, 2026, which will temporarily stay the suspension.
Key Highlights
- Received Nasdaq delisting notice on May 27, 2026, for violating the $1 minimum bid price rule.
- Company is ineligible for a compliance period due to prior reverse stock splits (cumulative ratio > 250:1).
- Trading suspension on Nasdaq scheduled for June 5, 2026, if no appeal is made.
- Company has until June 3, 2026, to request a hearing before a Nasdaq Hearings Panel.
- An appeal request will automatically stay the suspension of trading on Nasdaq.
- No assurance that the Panel will grant additional time or that the company will regain compliance.
Price Impact
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