NEXTNRG, Inc. (NXXT) received a delisting determination notice from Nasdaq on September 15, 2026, due to its failure to regain compliance with the $1.00 minimum bid price requirement by the September 14, 2026 deadline. The company plans to appeal the decision.
Key Details
- Reason for Notice: The company's common stock failed to maintain a closing bid price of at least $1.00 per share for the required period.
- Company Action: NXXT intends to request a hearing before the Nasdaq Hearings Panel by the September 22, 2026 deadline. This request will automatically stay any suspension or delisting action pending the panel's decision.
- Related Events: The company executed a 1-for-10 reverse stock split, effective September 14, 2026, to address the bid price issue. Nasdaq determined the company is not eligible for a second 180-day compliance period due to not meeting stockholder equity requirements.