BNB Plus Corp. receives non-compliance notice from Nasdaq

On March 20, the Company received written notice from the Listing Qualifications Department of Nasdaq indicating that the Company no longer satisfies the minimum $1.00 bid price requirement for continued listing on the Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2). Nasdaq further determined that the Company is ineligible for a standard compliance period, as the Company effected a reverse stock split within the prior one-year period. The Company timely requested a hearing before the Nasdaq Hearings Panel to address the deficiency. The Company’s common stock will continue to trade on Nasdaq at least through the conclusion of the hearing process.