Functional Brands to Suspend Trading June 16 After $0.10 Bid-Price Rule Violation
MEHA•Functional Brands received a Nasdaq Staff Delisting Determination June 9 after its common stock closed at $0.10 or less for ten consecutive trading days, triggering suspension of trading at opening on June 16. The company may appeal by 4:00 p.m. ET June 16 with a $20,000 fee.
1. Nasdaq Delisting Determination
Functional Brands Inc. received a written Staff Delisting Determination from the Nasdaq Listing Qualifications Department on June 9, 2026, indicating that its common stock will be removed from the Nasdaq Capital Market.
2. Bid-Price Rule Violation
The determination follows ten consecutive trading days through June 8 where the company’s common stock closed at $0.10 or less, in violation of the Low Priced Stocks Rule 5810(c)(3)(A)(iii) after previously failing to meet the $1.00 minimum bid-price requirement.
3. Suspension and Appeal Process
Trading of Functional Brands shares will be suspended at the opening on June 16, 2026, and a Form 25-NSE will be filed to delist the securities; the company may request a hearing by 4:00 p.m. ET that day and must pay a non-refundable $20,000 fee.
4. Future Outlook and Risks
There is no assurance that an appeal will succeed or that the company will regain compliance within any timeframe set by the Nasdaq Hearings Panel, leaving the listing status and shareholder liquidity uncertain.
