BNB Plus Corp., a BNB treasury company, has received a delisting decision from a Nasdaq hearings panel after its share price remained below Nasdaq’s $1 minimum bid requirement for an extended period, according to Business Wire. The company said its stock, trading under the ticker BNBX, will be suspended from trading on Nasdaq starting July 14. On the same day, the shares will begin trading on the OTCQB Venture Market, with the ticker unchanged. BNB Plus Corp. also said it has filed a request for review with the Nasdaq Listing and Hearing Review Council. The company added that the delisting decision will remain in effect during the review process and will not be stayed while the appeal is being considered.
BNB Plus Corp., a BNB treasury company, has received a delisting decision from a Nasdaq hearings panel after its share price stayed below Nasdaq’s $1 minimum bid requirement for a prolonged period, according to Business Wire.
The company said its stock, BNBX, will be suspended from trading on Nasdaq starting July 14. The shares will begin trading on the OTCQB Venture Market the same day, with the ticker unchanged.
BNB Plus Corp. said it has requested a review from the Nasdaq Listing and Hearing Review Council. The company added that the delisting decision will not be paused during the review process.
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