Nasdaq Moves to Delist Fusemachines Over $50M Market Value Shortfall
FUSE is trading near its 52-week low of $0.505 (14% above the low).
Summary
Nasdaq formally notified Fusemachines on September 24, 2026 that its securities are subject to delisting for failing to maintain the $50 million minimum market value requirement. The company plans to request a hearing, which will stay delisting action temporarily.
Key Events · Legal and Risk Events · FUSE
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Nasdaq Delisting Notice
On September 24, 2026, Nasdaq notified Fusemachines that its securities are subject to delisting for continued non-compliance with the $50 million minimum market value of listed securities requirement as of September 23, 2026.
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Hearing Request Planned
The company plans to timely request a hearing before the Nasdaq Hearings Panel, which will stay any suspension or delisting action at least until the hearing is held and any extension expires.
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Second Delisting Notice in Three Months
This follows a separate Nasdaq delisting notice received on September 18, 2026 for the stock trading below $1.00 for 30 consecutive days, compounding the listing compliance crisis.
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Financial Distress Context
The company reported cash of just $368K and a going concern warning in its Q2 2026 10-Q, and is relying on dilutive, high-cost financing to maintain operations.
Analysis · FUSE · Technology
Nasdaq has formally notified Fusemachines that its securities are subject to delisting after the company failed to regain compliance with the $50 million minimum market value of listed securities requirement by the September 23, 2026 deadline. The company plans to request a hearing before the Nasdaq Hearings Panel, which will stay any suspension or delisting action at least until the hearing is held. This is the second delisting notice in three months — the company received a separate notice on September 18, 2026 for its stock trading below $1.00 for 30 consecutive days. With cash of just $368K and a going concern warning from the Q2 10-Q, the company is in a precarious position: it must convince the Panel it can regain compliance, but its market value has been deteriorating and it is relying on dilutive, high-cost financing to stay afloat. There is no assurance the Panel will grant continued listing.
How filings like this one have moved
In the 30 days to Sep 30, 2026, 42.1% of the 323 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.36%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, FUSE was trading at $0.58 on NASDAQ in the Technology sector, with a market capitalization of approximately $16.7M. The 52-week trading range was $0.50 to $25.00. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.