DelistingJun 15, 2026, 08:07 AM
Functional Brands Inc. Faces Nasdaq Delisting; Trading to Suspend June 16
AI Summary
Functional Brands Inc. (MEHA) announced it received a Staff Delisting Determination from Nasdaq on June 9, 2026, due to its common stock failing to meet the minimum bid price requirement. The stock's closing bid price was $0.10 or less for ten consecutive trading days as of June 8, 2026. Trading will be suspended on June 16, 2026, with a Form 25-NSE to be filed for removal from Nasdaq. The company has the option to appeal the decision by requesting a hearing before the Nasdaq Hearings Panel by June 16, 2026, though a successful appeal is not assured and the suspension will not be stayed.
Key Highlights
- Functional Brands Inc. received a Staff Delisting Determination from Nasdaq on June 9, 2026.
- The delisting is due to the Company's common stock failing to meet the minimum bid price requirement of $1.00.
- As of June 8, 2026, the stock's closing bid price was $0.10 or less for ten consecutive trading days.
- Trading suspension is set for the opening of business on June 16, 2026.
- The Company can appeal the determination by requesting a hearing before the Nasdaq Hearings Panel by June 16, 2026.
- A hearing request requires a non-refundable fee of $20,000.
- A timely hearing request will not stay the trading suspension.
Price Impact
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