The delisting is final and irreversible; expect further downside as the stock transitions to OTC trading. Existing shareholders should consider the lack of a public market and potential for additional price erosion. No near-term catalysts are apparent.
Price Chart
Executive Summary
Nasdaq has finalized the delisting of Functional Brands Inc. (MEHA) common stock, effective at the open on July 23, 2026, after the company withdrew its appeal of the Staff's delisting determination based on the Low Priced Stocks Rule. Trading was already suspended on June 16, 2026, and the stock will move to the OTC markets with severely reduced liquidity and visibility.
Key Facts
- Delisting effective July 23, 2026, from Nasdaq
- Company withdrew its appeal on June 29, 2026, after initially appealing on June 16, 2026
- Stock has been suspended since June 16, 2026
- Delisting triggered by closing bid price at or below $0.10 for 10 consecutive trading days (Listing Rule 5550(a)(2))
Financial Impact
Loss of Nasdaq listing – stock will trade on OTC markets, likely with significant price decline and reduced liquidity
Risk Factors
- Further price decline due to loss of exchange listing and retail investor access
- Limited liquidity and wider bid-ask spreads on OTC markets
- Potential for forced selling by institutional holders that cannot hold OTC securities
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 25-NSE Filing (MEHA) — Batch item 1 | 0001354457-26-000673 |
| Document: 0001354457-26-000673-index-headers.html | 0001354457-26-000673 |
| Document: 0001354457-26-000673-index.html | 0001354457-26-000673 |
| Document: 0001354457-26-000673.txt | 0001354457-26-000673 |
| 25-NSE Filing (MEHA) — Batch item 5 | 0001354457-26-000673 |
| Document: 0001354457-26-000673-index-headers.html | 0001354457-26-000673 |
| Document: 0001354457-26-000673-index.html | 0001354457-26-000673 |
| Document: 0001354457-26-000673.txt | 0001354457-26-000673 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 17, 2026 10w ago | 8-K | $0.004200 | awaiting T+60 | — | $0.004000 (+4.76%) |
Jul 13, 2026 15w ago | 25-NSE | $0.005000 $0.004800 | ▲ +4.00% | ▲ +8.25% | $0.004000 (+20.00%) |
Jun 15, 2026 19w ago | 8-K | $0.0188 $0.005300 | ▲ +71.81% | ▲ +73.07% | $0.004000 (+78.72%) |
May 28, 2026 21w ago | 8-K | $0.0810 $0.004000 | ▲ +95.06% | ▲ +96.80% | $0.004000 (+95.06%) |
May 27, 2026 21w ago | DEFA14A | $0.0810 $0.004000 | ▼ −95.06% | ▼ −96.80% | $0.004000 (−95.06%) |
May 27, 2026 21w ago | DEFA14A | $0.0800 $0.004200 | ▼ −94.75% | ▼ −96.63% | $0.004000 (−95.00%) |
May 22, 2026 22w ago | 8-K | $0.1060 $0.004200 | ▲ +96.04% | ▲ +99.23% | $0.004000 (+96.23%) |
May 20, 2026 22w ago | 3 | $0.0770 $0.004900 | ▼ −93.64% | ▼ −97.94% | $0.004000 (−94.81%) |
May 20, 2026 22w ago | 8-K | $0.0770 $0.004900 | ▼ −93.64% | ▼ −97.94% | $0.004000 (−94.81%) |
May 19, 2026 22w ago | DEFA14A | $0.0850 $0.004200 | ▼ −95.06% | ▼ −100.06% | $0.004000 (−95.29%) |
US Market Status
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