BNB Plus received a Nasdaq delisting notice after failing to maintain the minimum $1.00 bid price for continued listing.
BNB Plus (BNBX) disclosed it received a delisting determination from Nasdaq’s Hearing Panel due to non-compliance with the $1.00 minimum bid price requirement. The company must address the issue to avoid removal from the exchange.
Nasdaq rules mandate listed stocks maintain a minimum bid price of $1.00. BNBX’s failure to meet this threshold triggered the notice, though the company may appeal or request additional time to regain compliance.
No immediate market reaction was reported following the announcement.