LNAI common stock will be suspended from Nasdaq trading on October 30, 2026, with no OTC market expected. Existing shareholders face near-total illiquidity. The company is effectively going dark — filing a Form 15 to suspend SEC reporting. There is no path to regain listing or raise capital.
Price Chart
Executive Summary
Lunai Bioworks received a Nasdaq delisting determination due to a stockholders' deficit of $(9,024,946), violating the $2.5M minimum equity rule. The company will not contest the delisting; instead, its board approved voluntary withdrawal from Nasdaq and intends to file a Form 25 on November 2, 2026, with delisting effective around November 12, 2026. Simultaneously, the CFO resigned, a board member resigned (breaking audit and compensation committee requirements), the ATM sales agreement was terminated, and all unsold securities under registration statements were deregistered — the company does not plan to arrange for OTC trading, effectively ending its public market life.
Key Facts
- Nasdaq staff determined to delist LNAI due to stockholders' deficit of $(9,024,946) vs. $2,500,000 minimum equity requirement
- Company will not request a hearing; board approved voluntary withdrawal from Nasdaq on October 22, 2026
- Form 25 expected to be filed on or about November 2, 2026; delisting effective on or about November 12, 2026
- Company intends to file Form 15 to suspend SEC reporting obligations; will not arrange for OTC quotation
- CFO Nathen Fuentes resigned effective October 22, 2026; no successor or interim CFO named
- Board member Douglas W. Calder resigned, breaking audit committee (needs 3 members) and compensation committee (needs 2 independent members) requirements
- ATM Sales Agreement with Dawson James Securities terminated on October 16, 2026
- Post-effective amendments filed to deregister all unsold securities under S-8 and S-3 registration statements
- Market cap is $3M; trading suspension expected at open on October 30, 2026
Financial Impact
Stockholders' deficit of $(9,024,946); market cap of $3M; no trading market expected after delisting; all equity financing vehicles terminated
Risk Factors
- Complete loss of liquidity — no OTC market expected after Nasdaq suspension
- No CFO, broken board committees, and no plan to fill vacancies before delisting
- Potential cessation of operations given inability to raise capital and termination of all equity financing facilities
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001731122-26-001362 |
| Document: e8019_ex99-1.htm | 0001731122-26-001362 |
| Document: 0001731122-26-001362-index-headers.html | 0001731122-26-001362 |
| Document: 0001731122-26-001362-index.html | 0001731122-26-001362 |
| Document: 0001731122-26-001362.txt | 0001731122-26-001362 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 3d ago | 8-K | $0.2946 $0.2750 | ▲ +6.65% | ▲ +7.36% | $0.2950 (−0.14%) |
Oct 15, 2026 10d ago | SC 13D/A | $0.6800 $0.4720 | ▲ +30.59% | ▲ +31.01% | $0.2950 (+56.62%) |
Oct 9, 2026 17d ago | 8-K | $1.23 $1.11 | ▲ +9.76% | ▲ +9.70% | $0.2950 (+76.02%) |
Sep 29, 2026 27d ago | NT 10-K | $1.47 $1.38 | ▲ +6.12% | ▲ +6.30% | $0.2950 (+79.93%) |
Jun 17, 2026 18w ago | 8-K | $3.78 $4.15 | ▲ +9.79% | ▲ +10.10% | $0.2950 (−92.20%) |
Jun 16, 2026 18w ago | 8-K | $4.00 $3.78 | ▼ −5.50% | ▼ −6.28% | $0.2950 (−92.63%) |
May 20, 2026 22w ago | 8-K | $1.80 $2.32 | ▼ −28.89% | ▼ −28.69% | $0.2950 (+83.61%) |
May 1, 2026 25w ago | 8-K | $2.60 $2.50 | ▼ −3.88% | ▼ −4.68% | $0.2950 (−88.64%) |
Apr 28, 2026 25w ago | DEFA14A | $2.66 $2.64 | ▼ −0.90% | ▼ −1.92% | $0.2950 (−88.93%) |
Mar 5, 2026 33w ago | 8-K | $1.86 $1.76 | ▲ +5.25% | ▲ +6.10% | $0.2950 (+84.12%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers