NextNRG, Inc. (NXXT) announced that the Nasdaq Hearings Panel has denied its request for a continued listing on The Nasdaq Stock Market. This decision follows the company's failure to meet continued listing requirements, including the minimum bid price and market value of listed securities rules.
Key Details
- Delisting Action: The Nasdaq Hearings Panel has determined to delist the company's common stock. Trading will be suspended at the open of business on November 11, 2026.
- Reason for Non-Compliance: The company failed to comply with Nasdaq's $1.00 minimum bid price rule (Rule 5550(a)(2)) and the $35 million market value of listed securities requirement (Rule 5550(b)(2)).
- Next Steps: NXXT intends to request a review of the Panel's decision, but this will not stay the suspension. The company expects its stock will be quoted on the OTC Markets under the symbol "NXXT" starting on or about November 11, 2026.