Key Highlights

  • BNB Plus Corp. received a Nasdaq delisting notice for failing the $1.00 minimum bid price rule.
  • Shares will be delisted from the Nasdaq Capital Market at the open on July 14, 2026.
  • The company plans to appeal, but the appeal will not pause the delisting.
  • BNB Plus is transitioning to the OTCQB Venture Market under the same ticker symbol.

Full Story

BNB Plus Corp. (NASDAQ: BNBX) has received a formal delisting notice from the Nasdaq Listing Qualifications Department after failing to maintain the exchange's minimum $1.00 bid price requirement. As a result, the company's shares are set to be delisted from the Nasdaq Capital Market at the market open on July 14, 2026, a deadline that arrives despite BNB Plus's stated intention to appeal the decision.

The $1.00 minimum bid price rule is one of Nasdaq's core continued-listing standards, designed to ensure that companies trading on the exchange maintain a share price reflecting a baseline level of market confidence and liquidity. Companies that fall below this threshold for an extended period are typically given a compliance window to regain the minimum price — often through organic share price appreciation or a reverse stock split — before facing delisting action. BNB Plus's notice indicates that window has now closed without the company regaining compliance.

The company said it intends to appeal the ruling to the Nasdaq Listing and Hearing Review Council, pointing to its recent capital infusion and a broader strategic pivot as reasons the panel should reconsider. However, critically, Nasdaq rules mean that filing an appeal does not automatically pause or delay the delisting action — meaning BNB Plus shares will move off the Nasdaq Capital Market on schedule regardless of the appeal's ultimate outcome, unless a stay or reversal is explicitly granted through the review process.

To preserve trading continuity for shareholders, BNB Plus has arranged to transition its equity to the OTCQB Venture Market, an over-the-counter marketplace operated by OTC Markets Group for early-stage and developing companies. The company said quoting is expected to begin under the same ticker symbol, which should help minimize confusion for existing shareholders and market participants tracking the stock through the transition. Trading on OTC markets, however, typically comes with materially different liquidity, disclosure, and institutional investor participation characteristics compared to a national securities exchange like Nasdaq.

For shareholders, the shift from Nasdaq to OTCQB is likely to affect both trading liquidity and the pool of investors able or willing to hold the stock, since many institutional funds have mandates restricting them from holding OTC-quoted securities. BNB Plus's references to its recent capital infusion and strategic pivot suggest the company believes it has a credible turnaround narrative to present in its appeal, but investors should note that the delisting itself is proceeding on schedule, and any reversal would depend entirely on the outcome of the Nasdaq Listing and Hearing Review Council's independent review.