Robot Consulting appeals Nasdaq delisting decision over trading manipulation concerns
LAWR•Robot Consulting said it appealed Nasdaq’s decision to delist its American Depository Shares over concerns about historical trading activity and potential third-party manipulation. The October 23 appeal stays suspension and delisting filings pending a hearing panel decision, but the existing trading halt remains in effect.
1. Appeal and trading halt
Robot Consulting disclosed that Nasdaq determined to delist its American Depository Shares under Rules 5101 and IM-5101-4, citing concerns about historical trading activity and potential manipulation by third parties. The company appealed on October 23, 2026, staying the securities suspension and delisting filing pending a Nasdaq Hearings Panel decision; the trading halt remains in effect unless Nasdaq lifts it. Nasdaq has not alleged company wrongdoing, and the determination has no immediate effect on the company’s ongoing business operations or financial condition.
