Robot Consulting appeals Nasdaq delisting determination over trading manipulation concerns
LAWR•Robot Consulting appealed Nasdaq’s decision to delist its American Depositary Shares over concerns about historical trading activity and potential third-party manipulation. The appeal stays suspension and a Form 25-NSE filing pending a hearings panel decision, but the existing trading halt remains in effect unless Nasdaq lifts it.
1. Appeal stays delisting steps
Nasdaq moved to delist Robot Consulting’s American Depositary Shares under Listing Rules 5101 and IM-5101-4, citing concerns about historical trading activity and potential manipulation by third parties. Robot Consulting appealed on October 23, 2026, staying the suspension and Nasdaq’s Form 25-NSE filing pending a hearings panel decision.
2. Trading halt remains
The existing trading halt remains in effect unless Nasdaq lifts it. Nasdaq has not alleged wrongdoing by the company, and the determination has no immediate effect on its ongoing operations or financial condition.
