BNB Plus receives Nasdaq delisting determination; trading to shift to OTCQB
BNB Plus Corp. received a delisting determination from the Nasdaq Hearings Panel on July 10, 2026, due to non-compliance with the $1.00 bid price requirement under Nasdaq Listing Rule 5550(a)(2). Trading of the company's common stock on Nasdaq will be suspended at the open of trading on July 14, 2026. The company intends to request review by the Nasdaq Listing and Hearing Review Council, but that request will not stay the delisting; shares are expected to begin trading on the OTCQB Venture Market under the same symbol, BNBX, on July 14, 2026.
Key facts
- Nasdaq Hearings Panel determined to delist BNB Plus common stock on July 10, 2026
- Non-compliance with $1.00 bid price requirement, Nasdaq Listing Rule 5550(a)(2)
- Trading suspended at open of trading on July 14, 2026
- Company to request review by Nasdaq Listing and Hearing Review Council
- Common stock expected to trade on OTCQB Venture Market beginning July 14, 2026, under symbol BNBX
- Company initially received Notification Letter on March 20, 2026
- Panel granted extension to June 11, 2026; company requested additional 60-day extension on June 1, 2026, which Panel declined
- Nasdaq will file Form 25 with SEC after applicable appeal periods lapse
Why it matters
The delisting removes BNB Plus from Nasdaq's regulated capital market and shifts trading to OTC Markets, significantly reducing liquidity and likely depressing the stock price; the company's ability to raise capital and execute its digital asset strategy will be materially impaired unless the Listing Council reverses the determination or the company regains compliance and returns to Nasdaq.
Developing story
- SCHEDULE 13D
- 8-Kthis filing
Share
Derived from 8-K filed 2026-07-13. Not investment advice. View the source filing on SEC.gov →