Nasdaq to Delist Functional Brands (MEHA) Stock; Trading Suspension Imminent
MEHA is trading near its 52-week low of $0.039 (7.2% above the low) on light trading volume (0.1× avg).
Summary
Functional Brands Inc. faces immediate delisting from Nasdaq, with trading suspended on June 16, 2026, due to its failure to meet minimum bid price requirements.
Key Events · Corporate Governance and Compliance · MEHA
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Nasdaq Delisting Determination
Functional Brands Inc. received a Staff Determination from Nasdaq on June 9, 2026, to delist its common stock.
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Imminent Trading Suspension
Trading of MEHA common stock will be suspended at the opening of business on June 16, 2026, due to the stock trading below $0.10 for ten consecutive days.
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Appeal Will Not Stay Suspension
The company may appeal the delisting decision, but a request for a hearing will not prevent the immediate trading suspension.
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Failure to Meet Listing Rules
The delisting is a result of the company's failure to comply with Nasdaq's Low Priced Stocks Rule, specifically the $0.10 minimum bid price requirement.
Analysis · MEHA · Life Sciences
Functional Brands Inc. has received a Staff Determination from Nasdaq to delist its common stock, effective with a trading suspension on June 16, 2026. This action follows the company's failure to maintain a minimum bid price of $0.10 for ten consecutive trading days, a critical violation of Nasdaq's Low Priced Stocks Rule. While the company can appeal, the appeal will not prevent the immediate trading suspension, significantly impacting liquidity and investor access. This event marks a severe setback for the company, which had previously sought shareholder approval for a reverse stock split to avoid delisting.
At the time of this filing, MEHA was trading at $0.04 on NASDAQ in the Life Sciences sector, with a market capitalization of approximately $1.8M. The 52-week trading range was $0.04 to $8.00. This filing was assessed with negative market sentiment and an importance score of 10 out of 10.