DelistingJun 26, 2026, 05:02 PM
TNL Mediagene Receives Nasdaq Delisting Determination
AI Summary
TNL Mediagene announced it received a staff determination letter from Nasdaq on June 22, 2026, notifying the company that its securities are subject to delisting from The Nasdaq Capital Market. The delisting is due to non-compliance with the minimum bid price requirement ($1.00) for 30 consecutive business days and an additional non-compliance with the $2,500,000 minimum stockholders' equity requirement. The company is not eligible for a compliance period due to a prior reverse stock split. TNL Mediagene plans to request a hearing to appeal the determination, which will temporarily stay the delisting process.
Key Highlights
- Received Nasdaq delisting determination letter on June 22, 2026.
- Non-compliant with Nasdaq's $1.00 minimum bid price rule for 30 consecutive business days.
- Ineligible for compliance period due to a reverse stock split within the prior year.
- Subject to a Discretionary Panel Monitor for one year.
- Also non-compliant with the $2,500,000 minimum stockholders' equity requirement.
- Company intends to request a hearing before a Nasdaq Hearings Panel to appeal.
- Hearing request will automatically stay the suspension of securities and Form 25-NSE filing.
- Trading of ordinary shares continues under "TNMG" pending the Panel's decision.
Price Impact
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