Cuprina completed a May 27 reverse stock split and appealed to a Nasdaq hearings panel on May 28 to avoid delisting for sub-$1 bid price compliance. The appeal stays a June 5 suspension and keeps shares trading while the company pursues compliance.
Cuprina executed a reverse stock split on May 27, 2026, consolidating its outstanding shares to boost the per-share bid price. This action is designed to help the closing bid exceed the $1.00 minimum required under Nasdaq Listing Rule 5550(a)(2).
On May 28, 2026, the company submitted a hearing request to the Nasdaq Hearings Panel in response to a determination to delist its securities for failing to regain compliance by May 26. Filing the appeal stays any pending suspension or Form 25-NSE delisting filing while the panel reviews the case.
If Cuprina had not filed by June 3, its shares would face suspension at market open on June 5 and removal from Nasdaq. Despite the compliance challenge, the company’s securities continue trading, and management is focused on restoring the required bid price.
