J-Star Receives Nasdaq Delisting Notice for Bid Price Non-Compliance

Key Highlights

• J-Star received a Staff Delisting Determination Letter from Nasdaq on June 12, 2026.
• The delisting notice is for non-compliance with Nasdaq Listing Rule 5550(a)(2), requiring a minimum bid price of $1.00 per share.
• The company previously received a non-compliance notice on December 12, 2025.
• J-Star was provided a compliance period through June 10, 2026, and is not eligible for a second 180-day period.
• The company intends to request an oral hearing before the Nasdaq Hearings Panel.
• The hearing request will stay the suspension of trading or delisting action pending the Panel's decision.
• J-Star plans to submit a plan to regain compliance and request an exception for additional time.
• There is no assurance that the Panel will grant the request for continued listing or an exception period.