Nasdaq flags BNB Plus for breaching $1 bid price rule

Reuters03-25

Nasdaq flags BNB Plus for breaching $1 bid price rule

BNB Plus received a notice from Nasdaq stating it no longer meets the $1.00 minimum bid price requirement after its common stock closed below that threshold for 30 consecutive business days.
Nasdaq said the company is not eligible for a standard compliance period because it has carried out a reverse stock split within the prior one-year period or reverse splits over the prior two-year period with a cumulative ratio of 250-to-1 or more.
Delisting proceedings could begin unless BNB Plus requests a hearing before the Nasdaq Hearings Panel, which would stay any suspension or delisting action while the hearing process continues.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BNB Plus Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-033842), on March 24, 2026, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BNB Plus Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. 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