Functional Brands receives Nasdaq delisting determination for low stock price
Functional Brands Inc. received a Staff Delisting Determination from Nasdaq on June 9, 2026, due to its common stock closing bid price of $0.10 or less for ten consecutive trading days, triggering the Low Priced Stocks Rule. Trading will be suspended at the opening of business on June 16, 2026, and a Form 25-NSE will be filed with the SEC. The company may request a hearing before the Nasdaq Hearings Panel by 4:00 p.m. Eastern Time on June 16, 2026, for a non-refundable fee of $20,000, though a timely hearing request will not stay the trading suspension.
Key facts
- Nasdaq Staff Delisting Determination issued June 9, 2026
- Closing bid price of $0.10 or less for ten consecutive trading days as of June 8, 2026
- Trading suspension effective opening of business June 16, 2026
- Form 25-NSE to be filed with the SEC
- Hearing request deadline: 4:00 p.m. Eastern Time on June 16, 2026
- Hearing request fee: $20,000 non-refundable
- Prior notice of bid price non-compliance: December 30, 2025
- Prior compliance period deadline: June 29, 2026
- Nasdaq Listing Rule 5550(a)(2) minimum bid price requirement: $1.00 per share
- Nasdaq Listing Rule 5810(c)(3)(A)(iii): Low Priced Stocks Rule
Why it matters
The delisting determination removes Functional Brands' securities from Nasdaq trading and eliminates the company's public exchange listing unless a hearing appeal before the Nasdaq Hearings Panel succeeds in reversing the determination.
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Derived from 8-K filed 2026-06-15. Not investment advice. View the source filing on SEC.gov →