NextNRG Inc. received a delisting notice from The Nasdaq Stock Market for failing to maintain a minimum bid price of $1.00 per share. The company did not regain compliance by the September 14, 2026, deadline.
Nasdaq determined NextNRG is ineligible for a second 180-day compliance period. The company failed to meet initial listing standards for stockholders' equity.
NextNRG filed an appeal with the Nasdaq Hearings Panel. This request stays any suspension or delisting action until the hearing concludes.
The company executed a 1-for-10 reverse stock split to address the price deficiency. The split became effective on September 14, 2026.