Oriental Rise Files Nasdaq Delisting Appeal, But Trading Suspension Continues
Summary
Oriental Rise has filed an appeal with the Nasdaq Listing and Hearing Review Council after its request for reconsideration of a delisting decision was denied. Trading in the company's shares on Nasdaq was suspended on June 24, 2026, and the stock is now quoted on the over-the-counter market. This follows the Nasdaq Hearings Panel's decision to deny continued listing, despite a recent 1-for-4 reverse stock split that brought the share price above the $1.00 minimum. The appeal does not automatically stay the suspension or reinstate Nasdaq trading, meaning shares will continue to trade on the less liquid OTC market. There is no assurance the Listing Council will grant an interim stay or reverse the delisting.
At the time of this announcement, ORISF was trading at $0.84 on OTC in the Trade & Services sector, with a market capitalization of approximately $1.1M. The 52-week trading range was $0.60 to $4,346.88. This news item was assessed with negative market sentiment and an importance score of 9 out of 10. Source: GlobeNewswire.