The delisting is a severe negative event that removes Nasdaq listing privileges and likely depresses liquidity and valuation. Monitor for any appeal filing or progress on Form 20-F audit completion. The OTC market typically offers less institutional coverage and wider spreads, compounding downside risk for existing holders.
Price Chart
Executive Summary
Above Food Ingredients Inc. received a final delisting determination from Nasdaq due to failure to file audited financial statements (Form 20-F) by the extension deadline. Trading was suspended on June 2, 2026, and the company's securities began trading on the OTC market under new symbols (ABVEF for common shares, ABVEWF for warrants). The company is pursuing an appeal and working toward re-listing on Nasdaq.
Key Facts
- Nasdaq Hearings Panel determined to delist Above Food's common shares and warrants for failure to file audited financial statements and Form 20-F by the extension deadline
- Trading suspended at the open on June 2, 2026
- Securities began trading on OTC market under symbols ABVEF (common) and ABVEWF (warrants)
- Company is considering an appeal to the Nasdaq Listing and Hearing Review Council and pursuing re-listing
- Company acknowledges OTC trading may have a material adverse effect on trading price and volume
Financial Impact
Forced delisting from Nasdaq to OTC markets — no specific dollar amounts provided in the filing
Risk Factors
- Failure to regain Nasdaq listing could permanently relegate the stock to OTC markets
- Audited financial statements remain unfiled, creating ongoing uncertainty about financial condition
- Potential termination fee liability to Palm Global if the referenced merger fails to close
- Low market cap ($1M) and OTC trading increase vulnerability to further price deterioration
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001104659-26-069444 |
| Document: tm2616708d1_ex99-2.htm | 0001104659-26-069444 |
| Document: tm2616708d1_6k.htm | 0001104659-26-069444 |
| Document: 0001104659-26-069444-index-headers.html | 0001104659-26-069444 |
| Document: 0001104659-26-069444-index.html | 0001104659-26-069444 |
| Document: 0001104659-26-069444.txt | 0001104659-26-069444 |
US Market Status
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