• Nasdaq issued a delisting determination notice on June 17, 2026, following an SEC trading suspension that began Sept. 29, 2025.
• The exchange cited heightened risk of third-party price manipulation tied to limited liquidity as the basis for the delisting decision.
• Unless an appeal is filed by 4 p.m. ET on June 24, trading will be suspended at the open on June 26.
• If no appeal is lodged, Nasdaq plans to file to complete the delisting; an appeal would pause the delisting process pending a panel decision.
• The company is consulting advisers on an appeal and next steps, while noting the delisting action does not affect operations or financial position.

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