BNB PLUS CORP. 8-K

What Happened
BNB Plus Corp. (BNBX) filed an 8-K reporting that on March 20, 2026 Nasdaq’s Listing Qualifications Department notified the company it no longer meets the $1.00 minimum bid-price requirement under Nasdaq Listing Rule 5550(a)(2). Nasdaq determined the company’s common stock failed the bid-price rule for 30 consecutive business days (Feb 5, 2026–Mar 19, 2026) and, citing prior reverse stock splits, found the company ineligible for a standard compliance period. The company intends to timely request a hearing before the Nasdaq Hearings Panel, which will automatically stay any suspension or delisting pending the hearing. The filing warns there is no assurance the Panel will grant continued listing or that the company will regain compliance.

Key Details

• Notification Letter dated March 20, 2026; deficiency period: Feb 5, 2026–Mar 19, 2026 (30 consecutive business days).
• Nasdaq Listing Rule cited: 5550(a)(2) (minimum $1.00 bid) and 5810(c)(3)(A) (30-day deficiency rule).
• Nasdaq found the company ineligible for a compliance period due to prior reverse stock split(s) with a cumulative ratio addressed by the rule (250:1 threshold language in the notice).
• Company will timely request a hearing before the Nasdaq Hearings Panel, which stays delisting actions while the hearing process proceeds.

Why It Matters
A delisting determination can reduce liquidity, limit investor access to shares, and may hurt market value and institutional interest. The company’s timely request for a hearing delays any immediate delisting, but there is no guarantee the Panel will restore compliance. Retail investors should be aware of the increased trading and regulatory risk until the hearing and any subsequent resolution are concluded. The filing also contains standard forward-looking statements about the company’s intent and prospects.