The hearing request will temporarily halt delisting, but the company's ability to regain compliance is uncertain. Watch for any reverse stock split, capital raise, or business combination announcement as potential compliance strategies. If the hearing is denied, both FUSE and FUSEW would likely move to OTC markets, triggering forced selling by institutional holders.
Price Chart
Executive Summary
Fusemachines received a delisting notice from Nasdaq on September 24, 2026, after failing to regain compliance with the $50 million Market Value of Listed Securities (MVLS) requirement by the September 23 deadline. The company plans to request a hearing to stay delisting, but there is no assurance of success, putting both FUSE and FUSEW at risk of being moved to the OTC markets.
Key Facts
- Nasdaq notified Fusemachines on September 24, 2026, that its securities are subject to delisting due to continued non-compliance with the $50 million MVLS requirement.
- The company had a 180-day cure period ending September 23, 2026, which it failed to meet.
- Fusemachines plans to request a hearing before the Nasdaq Hearings Panel to stay delisting.
- Both common stock (FUSE) and warrants (FUSEW) are listed on Nasdaq and affected by the delisting notice.
- There is no assurance the Panel will grant continued listing or that the company can regain compliance.
Financial Impact
Delisting would severely reduce institutional ownership and liquidity, likely causing a significant drop in market capitalization. The MVLS was below $50 million as of September 23, 2026.
Risk Factors
- Hearing denial leading to immediate delisting and transfer to OTC markets.
- Inability to raise market capitalization to $50 million within any extension period.
- Loss of institutional investor eligibility and reduced liquidity for both FUSE and FUSEW.
- Potential default on debt covenants tied to Nasdaq listing status.
- Warrant holders (FUSEW) face total loss of value if delisting triggers warrant terms.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-044394 |
| Document: 0001493152-26-044394-index-headers.html | 0001493152-26-044394 |
| Document: 0001493152-26-044394-index.html | 0001493152-26-044394 |
| Document: 0001493152-26-044394.txt | 0001493152-26-044394 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 8-K | $0.3344 | awaiting T+20 | — | $0.3395 (−1.53%) |
Oct 14, 2026 12d ago | EFFECT | $0.3609 | awaiting T+20 | — | $0.3395 (−5.93%) |
Oct 6, 2026 20d ago | S-1 | $0.4370 | awaiting T+20 | — | $0.3395 (+22.31%) |
Sep 25, 2026 4w ago | 8-K | $0.6500 $0.3395 | ▲ +47.77% | ▲ +47.74% | $0.3395 (+47.77%) |
Sep 18, 2026 5w ago | 8-K | $0.5860 $0.3470 | ▲ +40.78% | ▲ +39.88% | $0.3395 (+42.06%) |
Sep 4, 2026 7w ago | 8-K | $0.6015 $0.4480 | ▼ −25.52% | ▼ −27.23% | $0.3395 (−43.56%) |
Aug 12, 2026 10w ago | 8-K | $0.8100 $0.6039 | ▼ −25.44% | ▼ −23.55% | $0.3395 (−58.09%) |
Aug 7, 2026 11w ago | 8-K | $0.8280 $0.6083 | ▼ −26.53% | ▼ −25.62% | $0.3395 (−59.00%) |
Aug 4, 2026 11w ago | 8-K | $1.03 $0.6375 | ▲ +38.11% | ▲ +36.87% | $0.3395 (+67.04%) |
Jul 24, 2026 13w ago | 8-K | $0.8600 $0.7655 | ▲ +10.99% | ▲ +14.29% | $0.3395 (+60.52%) |
US Market Status
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