The stock will be suspended from Nasdaq on June 16 and will likely begin trading on the OTC markets. The appeal process does not halt the suspension, so immediate OTC listing is the only near-term outcome. Expect further price erosion as forced selling by institutional holders occurs. Monitor for any reverse split or capital raise plan that might be announced in an attempt to regain compliance, but the $0.10 trigger makes this extremely difficult.
Price Chart
Executive Summary
Functional Brands Inc. received a Nasdaq Staff Delisting Determination because its common stock closed at $0.10 or less for ten consecutive trading days, triggering the Low Priced Stocks Rule. Trading will be suspended at the open on June 16, 2026, and a Form 25-NSE will be filed to remove the stock from Nasdaq. The company may appeal by June 16, but a hearing request will not stay the suspension, making delisting effectively certain.
Key Facts
- Nasdaq issued a Staff Delisting Determination on June 9, 2026 under Listing Rule 5810(c)(3)(A)(iii) (Low Priced Stocks Rule)
- Closing bid price was $0.10 or less for ten consecutive trading days as of June 8, 2026
- Trading suspension effective at the opening of business on June 16, 2026
- Company may request a hearing by June 16, 2026 with a $20,000 fee, but the request will not stay the suspension
- Previously, on December 30, 2025, the company received a bid price deficiency notice with a compliance deadline of June 29, 2026
Financial Impact
Delisting will severely reduce liquidity and institutional ownership; stock already trading at $0.10 with a $2M market cap
Risk Factors
- Loss of Nasdaq listing eliminates institutional investor base and index inclusion
- OTC trading typically results in wider spreads and lower volumes
- Company may not be able to regain compliance even if appeal is heard
- Potential going-concern risk if capital markets access is cut off
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-068518 |
| Document: ea029452901ex99-1.htm | 0001213900-26-068518 |
| Document: 0001213900-26-068518-index-headers.html | 0001213900-26-068518 |
| Document: 0001213900-26-068518-index.html | 0001213900-26-068518 |
| Document: 0001213900-26-068518.txt | 0001213900-26-068518 |
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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