Nasdaq Hearings Panel determines to delist Aditxt common stock
On June 23, 2026, the Nasdaq Hearings Panel denied Aditxt's request to continue listing and determined to delist the company's common stock, with trading suspension effective at the open of June 25, 2026. The delisting follows two separate compliance violations: failure to maintain a minimum bid price of $1.00 per share under Listing Rule 5550(a)(2), and stockholders' equity of $(35,174,386) as of March 31, 2026, falling below the required $2,500,000 minimum under Listing Rule 5550(b)(1). The company may request review by the Nasdaq Listing and Hearing Review Council within 15 days of the Panel's decision.
Key facts
- Bid price closed below $1.00 per share for 30 consecutive business days from March 24, 2026 through May 5, 2026
- Stockholders' equity of $(35,174,386) reported in Form 10-Q for period ended March 31, 2026
- Company has completed seven reverse stock splits to date, most recently on May 18, 2026
- Company binding agreement entered June 8, 2026 with SPAC Copley Acquisition Corp. to combine with Ignite Proteomics for $150 million value
- Company plans shareholder meeting on September 14, 2026 regarding business combination
- Panel expressed skepticism regarding Ignite's valuation increase from $35 million (March 2026 purchase) to $150 million in three months
- Company loss of approximately $5 million per quarter after planned spinoff of Ignite
- Trading suspension effective at open of June 25, 2026
- Company eligible to request Nasdaq Listing and Hearing Review Council review within 15 days for $15,000.00 fee
Why it matters
Aditxt loses exchange listing and liquidity for its shareholders; the company's planned SPAC merger with Ignite Proteomics (announced June 8, 2026) will now proceed through an over-the-counter market unless the company successfully appeals the delisting decision within 15 days.
Developing story
- SCHEDULE 13D
- NT 10-Q
- 8-Kthis filing
Share
Derived from 8-K filed 2026-06-24. Not investment advice. View the source filing on SEC.gov →