Fusemachines Inc. Receives Nasdaq Delisting Notice over $50M MVLS

What Happened Fusemachines Inc. announced that Nasdaq notified the company it does not meet Nasdaq Listing Rule 5450(b)(2)(A)’s minimum Market Value of Listed Securities (MVLS) requirement of $50,000,000. The company previously received the initial notice on March 27, 2026 and was given 180 days (until September 23, 2026) to regain compliance. On September 24, 2026 Nasdaq informed Fusemachines that, because it remained non‑compliant as of September 23, 2026, its securities were subject to delisting unless the company requests a hearing before the Nasdaq Hearings Panel. Fusemachines plans to timely request a hearing, which will stay further suspension or delisting actions at least until the hearing and any Panel‑granted extension expire.

Key Details

• Nasdaq rule cited: Listing Rule 5450(b)(2)(A) (MVLS requirement of $50,000,000); procedural rule cited: 5810(c)(3)(C).
• Initial Nasdaq notice received: March 27, 2026; 180‑day cure period ended: September 23, 2026.
• Nasdaq’s delisting notification to the company issued: September 24, 2026.
• Company action: plans to request a hearing before the Nasdaq Hearings Panel; filing notes no assurance the Panel will allow continued listing.
• Filing includes customary forward‑looking statement disclosures about efforts to regain compliance and related risks.

Why It Matters This 8‑K indicates Fusemachines is at risk of being removed from the Nasdaq Global Market for failing to meet the $50M MVLS threshold. A delisting determination could affect where and how the company’s shares trade and may reduce liquidity and visibility for investors. The company’s timely request for a hearing temporarily halts delisting procedures, but the filing states there is no guarantee the Panel will permit continued listing. Investors should monitor upcoming SEC filings and Nasdaq hearing developments for updates.