PRF Technologies faces Nasdaq delisting over minimum bid price breach
PRFX•PRF Technologies received a Nasdaq delisting determination on November 9 after its ordinary shares closed below $1 for 30 consecutive business days. A hearing request would stay suspension and delisting while the panel considers the case; the company may propose another reverse split to regain compliance by May 8, 2027.
1. Delisting determination
PRF Technologies received a Nasdaq delisting determination on November 9, 2026, for failing to meet the exchange’s minimum bid price requirement. Its ordinary shares closed below $1 from September 24 through November 4, a period of 30 consecutive business days.
2. Hearing and compliance
A 1-for-5 reverse share split on February 6, 2026, made the company ineligible for the usual 180-day compliance period. A timely hearing request stays suspension and delisting pending the panel’s decision, and the shares continue trading on Nasdaq under PRFX. The compliance plan may include another reverse split; the panel could allow until May 8, 2027, for the company to regain compliance, but continued listing is not guaranteed.
