BNB Financial Company BNB Plus has received a delisting notice from Nasdaq and will be transferred to trade on the OTCQB market

According to a report by businesswire, BNB Plus Corp. has received a delisting determination from the Nasdaq hearing panel due to its stock price being below the minimum bid requirement of $1 for an extended period.

The company's stock BNBX will be suspended from trading on Nasdaq starting July 14 and will be transferred to the OTCQB venture market on the same day, with the code remaining unchanged. The company stated that it has applied for a review by the Nasdaq Listing and Hearing Review Council, but the delisting determination will not be suspended during the review period.