DelistingJul 7, 2026, 04:56 PM
Nasdaq to Delist Pitanium Limited Securities
AI Summary
The Nasdaq Stock Market announced it has notified Pitanium Limited that its securities will be delisted from the Nasdaq Stock Market LLC on July 16, 2026, unless the company appeals. The securities will remain halted until any appeal is resolved, and may be eligible for over-the-counter trading afterward. This action follows a temporary trading suspension by the U.S. Securities and Exchange Commission on October 18, 2025, after which Nasdaq halted trading and has now determined to use its authority under IM-5101-4 for delisting.
Key Highlights
- Nasdaq notified Pitanium Limited (PTNM) of delisting.
- Delisting effective July 16, 2026, unless company appeals.
- Securities will remain halted and unavailable to trade until appeal resolved.
- Following removal, securities may be eligible for over-the-counter trading.
- Trading was halted on October 18, 2025, due to a U.S. SEC temporary suspension.
- Nasdaq used its authority under IM-5101-4 to delist the securities.
Price Impact
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