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BNB Plus Corp. received a Nasdaq Notification Letter dated March 20, 2026, stating it no longer satisfies the $1.00 minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) based on closing bid prices for 30 consecutive business days from February 5, 2026, to March 19, 2026. The Company is ineligible for a compliance period due to prior reverse stock splits and intends to request a hearing to stay delisting, with no assurance of continued listing.
Key Takeaways
1Received Nasdaq Notification Letter dated March 20, 2026
2Fails Nasdaq Listing Rule 5550(a)(2) minimum $1.00 bid price requirement
3Deficiency based on closing bid prices from February 5, 2026, to March 19, 2026 (30 consecutive business days)
4Ineligible for compliance period per Nasdaq Listing Rule 5810(c)(3)(A)(iv) due to prior reverse stock splits with cumulative ratio of 250:1 or more over prior two-year period
5Intends to request hearing before Nasdaq Hearings Panel, automatically staying delisting pending hearing
6No assurance Panel will grant continued listing or Company will regain compliance