Nasdaq Notifies Magnitude International of Anticipated Delisting on August 12

Regulation
โดย GlobeNewswire·Read original
Summary · why it matters

The Nasdaq Stock Market has notified Magnitude International Ltd. that its securities will be delisted on August 12, 2026, unless the company appeals to a Listing Qualifications Hearings Panel. The securities will remain halted and unavailable to trade until any appeal is resolved. Following removal from Nasdaq, the securities may be eligible for trading in the over-the-counter market. Nasdaq halted trading in the company’s ordinary shares on December 19, 2025, after a temporary trading suspension by the U.S. Securities and Exchange Commission. Nasdaq has now determined it is appropriate to use its authority under IM-5101-4 to delist the company’s securities.

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