The delisting is now a certainty with no further appeal path. Monitor OTC Markets liquidity and any potential reverse split or capital raise attempts. The going concern risk from the prior annual report remains elevated.
Price Chart
Executive Summary
Fast Track Group confirms the imminent delisting of its Class A ordinary shares from Nasdaq after withdrawing its appeal of a Staff Determination based on failure to meet the $1.00 minimum bid price requirement. Shares have been suspended since August 18, 2026, and now trade on OTC Markets under symbol FTRKD (temporarily) and FTRKF. The delisting becomes effective ten days after Nasdaq files a Form 25-NSE, which was announced on September 17, 2026. This follows a prior annual report showing a net loss of S$6.1M, negative operating cash flow, and a going concern emphasis.
Key Facts
- Nasdaq Staff Determination issued August 11, 2026 for failure to satisfy $1.00 minimum bid price requirement under Listing Rule 5550(a)(2).
- Company withdrew its appeal on September 15, 2026, cancelling the September 17, 2026 hearing.
- Shares suspended from Nasdaq trading since August 18, 2026; currently quoted on OTC Markets under FTRKD (temporarily) and FTRKF.
- Nasdaq announced on September 17, 2026 it will file Form 25-NSE to complete delisting; delisting effective ten days after filing.
- Company will remain a reporting company and continue filing Form 20-F and Form 6-K with the SEC.
Financial Impact
Delisting from Nasdaq to OTC Markets; prior annual report showed net loss of S$6.1M on revenue of S$2.1M, negative operating cash flow of S$15.8M, cash of S$2.4M, and a going concern emphasis.
Risk Factors
- Loss of Nasdaq listing reduces institutional investor access and liquidity.
- Going concern risk highlighted in prior annual report with negative cash flow and minimal cash.
- Potential further dilution if the company attempts to raise capital on OTC Markets.
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001493152-26-043941 |
| Exhibit: ex99-1.htm | 0001493152-26-043941 |
| Document: 0001493152-26-043941-index-headers.html | 0001493152-26-043941 |
| Document: 0001493152-26-043941-index.html | 0001493152-26-043941 |
| Document: 0001493152-26-043941.txt | 0001493152-26-043941 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 23, 2026 4w ago | 6-K | $1.05 $0.4670 | ▲ +55.52% | ▲ +55.10% | $0.4202 (+59.98%) |
Sep 3, 2026 7w ago | 6-K | $0.9900 $1.00 | ▼ −1.01% | ▼ −2.13% | $0.4202 (+57.56%) |
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