Nasdaq notifies Pitanium of delisting, appeal deadline July 14
PTNM•Nasdaq issues delisting notice
Nasdaq staff issued a delisting determination for Pitanium’s securities in a July 7 notice.
The decision follows an SEC trading suspension tied to suspected social-media-driven manipulation; Nasdaq later halted trading.
The appeal deadline is July 14. If no appeal is filed, trading will be suspended at the open on July 16.
Pitanium is consulting advisers on next steps; Nasdaq is expected to proceed with removal from listing and registration.
Shares could become eligible for OTC trading once removed, with no assurance of an active secondary market.
