DelistingJun 17, 2026, 09:02 AM
J-Star Holding Receives Nasdaq Delisting Determination
AI Summary
J-Star Holding Co., Ltd. announced it received a Staff Delisting Determination Letter from Nasdaq on June 12, 2026, due to non-compliance with the minimum bid price requirement of $1.00 per share. The company had previously received notice on December 12, 2025, and failed to regain compliance by June 10, 2026. J-Star intends to request an oral hearing before the Nasdaq Hearings Panel, which will stay the delisting action, allowing its Class A ordinary shares to continue trading during the review process. The company plans to submit a compliance plan to the Panel.
Key Highlights
- Received Nasdaq Staff Delisting Determination Letter on June 12, 2026.
- Non-compliant with Nasdaq Listing Rule 5550(a)(2) requiring a minimum bid price of $1.00.
- Previously notified of non-compliance on December 12, 2025.
- Failed to regain compliance by the June 10, 2026 deadline.
- Company requested an oral hearing before the Nasdaq Hearings Panel.
- Hearing request stays the suspension of trading or delisting action.
- Class A ordinary shares expected to continue trading on Nasdaq during the hearing process.
- Company plans to submit a plan to regain compliance with Nasdaq listing standards.
Price Impact
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