Nasdaq Moves to Delist BNB Plus Corp.; Trading Suspension Begins July 14, Stock Shifts to OTCQB
BNBX is trading near its 52-week low of $0.32 (45% below the low).
Summary
Nasdaq has determined to delist BNB Plus Corp. after the company failed to meet the $1.00 bid price requirement. Trading will be suspended July 14, and the stock will move to the OTCQB Venture Market. The company plans to appeal, but the suspension will not be stayed.
Key Events · Legal and Risk Events · BNBX
-
Nasdaq Delisting Determination
On July 10, 2026, the Nasdaq Hearings Panel determined to delist BNB Plus Corp.'s common stock and suspend trading effective July 14, 2026, due to non-compliance with the $1.00 minimum bid price requirement.
-
Trading Suspension and OTCQB Transition
Trading on Nasdaq will be suspended at the open on July 14, 2026. The company expects its common stock to begin trading on the OTCQB Venture Market under the symbol BNBX on the same day.
-
Appeal to Nasdaq Listing Council
The company intends to request a review by the Nasdaq Listing and Hearing Review Council, but this will not stay the delisting determination or trading suspension.
-
Liquidity and Price Impact
The OTCQB is a significantly more limited market than Nasdaq, likely resulting in less liquidity and further downward pressure on the stock price, which is already at $0.1763.
Analysis · BNBX · Industrial Applications And Services
After failing to regain compliance with the $1.00 minimum bid price rule, BNB Plus Corp. has received a delisting determination from Nasdaq. Trading will be suspended at the open on July 14, 2026, and the stock will transition to the OTCQB Venture Market. While the company intends to appeal to the Nasdaq Listing Council, the suspension will not be stayed. This marks a critical negative development for a company already under severe financial distress, with a market cap of only $2.7 million and a stock price of $0.1763. The move to OTCQB will likely reduce liquidity and further depress the share price, compounding existing going concern risks.
At the time of this filing, BNBX was trading at $0.18 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $2.7M. The 52-week trading range was $0.32 to $7.15. This filing was assessed with negative market sentiment and an importance score of 10 out of 10.