BNB PLUS CORP. 8K

BNB Plus Corp. received a Nasdaq delisting determination for failing to meet the $1.00 bid price requirement, will transition trading of its shares to the OTCQB on July 14, 2026, and plans to seek review of the decision by the Nasdaq Listing and Hearing Review Council.

BNB Plus Corp. (BNBX) announced that a Nasdaq Hearing Panel has issued a determination to delist the company’s common stock from the Nasdaq Capital Market due to non-compliance with the minimum $1.00 bid price requirement under Nasdaq Listing Rule 5550(a)(2). The company plans to request a review of this delisting decision by the Nasdaq Listing and Hearing Review Council, which may affirm, modify, reverse, or remand the Panel’s decision, although this request will not stay the delisting. Trading in BNB Plus’s common stock on Nasdaq will be suspended at the open of trading on July 14, 2026, and the company has obtained approval for its shares to be quoted on the OTCQB Venture Market under the same ticker symbol, BNBX, beginning on or shortly after that date. BNB Plus states that it does not expect the transition to the OTCQB to affect its business operations and that it will remain a fully reporting public company with the SEC, but it cautions that there is no assurance the Listing Council will grant review or restore the Nasdaq listing while its stock is expected to trade on the OTCQB during the review process.

Filing Facts

CIK

744452

Ticker

-

Form

8K

Source Type

sec

Accession

0001104659-26-082893

Alert Tier

7