Key Highlights

  • The Panel denied the company's request for a 60‑day extension to organically meet the $1.00 threshold after abandoning a reverse stock split.
  • BNB PLUS CORP. (NASDAQ: BNBX) announced on July 13, 2026 that Nasdaq issued a formal notice to delist its common stock.
  • Nasdaq’s Hearings Panel concluded that the company's shares, each carrying a $0.001 par value, no longer meet the criteria for the Nasdaq Capital Market.

BNB PLUS CORP. (NASDAQ: BNBX) announced on July 13, 2026 that Nasdaq issued a formal notice to delist its common stock. The decision follows the company's inability to meet the $1.00 minimum bid price mandated by Nasdaq Listing Rule 5550.

Regulatory Action

Nasdaq’s Hearings Panel concluded that the company's shares, each carrying a $0.001 par value, no longer meet the criteria for the Nasdaq Capital Market. Consequently, trading is slated to cease at the opening of market on July 14, 2026.

Hearing Timeline

The initial compliance notice was delivered in March 2026, alerting BNB PLUS CORP. To the breach of the $1.00 price rule. A hearing request was filed promptly, and the panel convened in late April 2026.

Following that session, the panel granted a brief compliance window, extending the deadline into early June 2026.

Extension Requests

In early June 2026, the company disclosed that it would not pursue a reverse stock split as a means to achieve the $1.00 threshold. Instead, BNB PLUS CORP. Sought an additional 60‑day period to attain compliance organically.

The panel declined this request in its July 10, 2026 delisting notice. The appeal does not stay the July 14, 2026 suspension, and Nasdaq will file a Form 25 consistent with Nasdaq Listing Rule 5830.

Future Appeal

BNB PLUS CORP. Intends to ask the Listing Council to reconsider the panel’s determination, citing recent financing activities and an ongoing strategic review. The council has the authority to uphold, modify, overturn, or remand the panel’s decision, though no guarantee of a favorable outcome exists.

OTC Transition

After the suspension, the company expects its shares to begin trading on the OTCQB Venture Market under the unchanged ticker “BNBX”. The OTCQB platform generally offers a more constrained trading environment, which may affect liquidity and price dynamics.

Sector Context

The biotechnology sector, in which BNB PLUS operates, has experienced heightened volatility and heightened scrutiny of share‑price compliance across exchanges. Companies that fall below Nasdaq’s $1.00 bid price often confront similar delisting challenges, prompting many to explore reverse splits or alternative markets to preserve shareholder access.

Shareholder Impact

Transitioning to the OTCQB does not relieve BNB PLUS CORP. Of its SEC reporting obligations. However, investors should be aware that broker‑dealer quotes and trading volumes on the OTCQB are typically lower than on Nasdaq, potentially limiting the ease of buying or selling shares.

This article is for informational purposes only and does not constitute financial advice. Please consult a licensed financial adviser before making investment decisions.