regulatory
confidence high
sentiment negative
materiality 0.75
BNB Plus receives Nasdaq delisting notice for bid price non-compliance; ineligible for grace period
BNB PLUS CORP.
- Nasdaq notified BNB Plus on March 20, 2026 that its stock failed to maintain $1.00 minimum bid for 30 consecutive business days through Mar 19.
- Company is ineligible for a compliance cure period due to reverse stock splits in prior two years with cumulative ratio of 250:1 or more.
- BNB Plus intends to timely request a hearing before Nasdaq Hearings Panel, which will automatically stay any suspension or delisting pending the process.
- There is no assurance the Panel will grant continued listing or that the company can regain compliance.
item 3.01