BNB PLUS CORP. 8-K

What Happened

• BNB Plus Corp. (BNBX) announced it received a Nasdaq Delisting Notice on July 10, 2026, and that the Nasdaq Hearings Panel determined to delist the company’s common stock and suspend trading at the open on July 14, 2026.
• Nasdaq originally notified the company on March 20, 2026 that BNBX did not meet the $1.00 bid price requirement under Nasdaq Listing Rule 5550(a)(2). The company requested and attended a hearing (April 30, 2026); the Panel previously granted an extension to June 11, 2026. On June 1, 2026 the company said it would not pursue a reverse stock split and requested an additional 60-day extension, which the Panel declined.

Key Details

• Delisting notice received: July 10, 2026; trading suspension effective: open of trading on July 14, 2026.
• Nasdaq rule at issue: $1.00 minimum bid price (Nasdaq Listing Rule 5550(a)(2)); prior extension granted through June 11, 2026.
• Company action: plans to seek review by the Nasdaq Listing and Hearing Review Council (Listing Council) under Nasdaq Listing Rule 5820; that review request will not stay the Panel’s delisting decision.
• Expected market move: the company expects its common stock to begin trading on the OTCQB Venture Market under ticker “BNBX” at the open on July 14, 2026.

Why It Matters

• Delisting and suspension from Nasdaq mean reduced visibility and likely lower liquidity for shareholders. Trading on the OTCQB is typically less liquid and may result in wider bid-ask spreads and a lower market price.
• The Listing Council could reverse or modify the decision, but there is no guarantee the company will regain a Nasdaq listing. The company will remain an SEC reporting issuer and says the transition is not expected to affect its business operations.
• Retail investors should be aware of potential difficulties in buying or selling shares, possible loss of broker quoting, and increased price volatility while the company trades on the OTCQB.