The company plans to seek a Nasdaq review while its shares transition to the OTCQB Venture Market following a delisting determination tied to the exchange’s minimum bid price requirement.
Key Investor Takeaways – BNB Plus (NASDAQ:BNBX) received a Nasdaq delisting determination after failing to meet the exchange’s minimum $1.00 bid price requirement. – Trading on Nasdaq is scheduled to be suspended at the open on July 14, 2026. – BNBX expects to begin trading on the OTCQB Venture Market under the same ticker on July 14, 2026, or as soon as possible thereafter. – The company intends to request a review by the Nasdaq Listing and Hearing Review Council following its recently completed financing and ongoing strategic review. – Management said the move to OTCQB is not expected to affect business operations or the company’s SEC reporting status
Why (NASDAQ:BNBX) Stock Is in Focus BNB Plus announced that Nasdaq’s Hearing Panel has determined the company no longer satisfies the exchange’s continued listing requirements because it failed to maintain the required minimum $1.00 bid price under Nasdaq Listing Rule 5550(a)(2). The company plans to appeal the decision by requesting a review from the Nasdaq Listing and Hearing Review Council. According to BNB Plus, the request will reference its recently completed financing and developments related to its ongoing strategic review process.
However, the appeal will not delay the delisting process. Nasdaq trading is expected to be suspended when markets open on July 14, 2026. To maintain public trading, BNB Plus has obtained approval for its common stock to be quoted on the OTCQB Venture Market under the existing BNBX ticker symbol.