regulatory
confidence high
sentiment negative
materiality 0.85
American Bitcoin Corp. (ABTC): Nasdaq/NYSE listing notice — Gryphon Digital receives Nasdaq delisting notice for MVLS noncompliance; hearing April 15
American Bitcoin Corp.
- Nasdaq Staff notified Gryphon on March 13, 2025 that it failed to regain compliance with the MVLS Rule (MVLS < $35M).
- Company previously reported noncompliance with the MVLS Rule on September 13, 2024; cure period expired March 12, 2025.
- Stock will continue trading on Nasdaq pending a hearing before the Nasdaq Hearing Panel scheduled for April 15, 2025.
- Gryphon is also noncompliant with other continued listing requirements as previously disclosed.
- The Company will present a compliance plan and seek an extension to demonstrate compliance at the hearing.