Flash Sports & Media faces Nasdaq trading suspension over listing rule breach

FLZH•2026-08-21

Trading suspension and appeal process

Nasdaq ordered immediate suspension; trading is set to halt at the open on Aug. 26, 2026.

The company plans a Nasdaq hearings panel appeal by 4 p.m. ET on Aug. 26, 2026, seeking reinstatement; delisting risk could hit liquidity.

Nasdaq cites continued listing rule breach

Flash Sports & Media received a Nasdaq staff determination letter citing failure to satisfy continued listing rules tied to its February 2025 reverse merger.

Nasdaq deemed the deal a change of control, requiring completion of an initial listing application before removing a 19.9% conversion cap.

Shareholder action triggered preferred conversion

Stockholders removed the cap on June 12, 2026; Series B preferred converted into 53,539,119 common shares on June 23, 2026.

Sources

Flash Sports & Media faces Nasdaq trading suspension over listing rule breach

Sec

Flash Sports & Media faces Nasdaq trading suspension over listing rule breach

Trading suspension and appeal process

Nasdaq cites continued listing rule breach

Shareholder action triggered preferred conversion

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