Monitor the outcome of the Nasdaq Hearings Panel appeal by late May 2026; failure to reinstate will force OTC trading, sharply reducing liquidity and increasing volatility. Consider hedging or exit strategies ahead of final delisting.
Price Chart
Executive Summary
zSpace, Inc. received a delisting determination from Nasdaq due to its stock closing below $0.10 for ten consecutive trading days, triggering an immediate trading suspension on April 28, 2026. The company plans to appeal the decision, which will delay final delisting pending a hearing panel's review, but will not halt the trading suspension.
Key Facts
- Nasdaq issued a delisting determination because zSpace's stock closed at or below $0.10 for ten consecutive days, violating Listing Rule 5810(c)(3)(A)(iii)
- Trading will be suspended on April 28, 2026, and a Form 25-NSE will be filed to remove the stock from listing unless the appeal succeeds
- The company filed a 1-for-25 reverse stock split on April 16, 2026, but failed to regain compliance
- The company plans to appeal by April 28, 2026, which will stay the filing of Form 25-NSE but not the trading suspension
Financial Impact
Severe liquidity and market access impact; delisting from Nasdaq will reduce institutional ownership, trading volume, and investor confidence. The stock may move to OTC markets if the appeal fails.
Risk Factors
- Permanent delisting and move to OTC markets with significantly lower liquidity
- Failure of the reverse stock split to stabilize share price or restore compliance
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-047275 |
| Document: 0001104659-26-047275-index-headers.html | 0001104659-26-047275 |
| Document: 0001104659-26-047275-index.html | 0001104659-26-047275 |
| Document: 0001104659-26-047275.txt | 0001104659-26-047275 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 5w ago | 8-K | $0.2395 $0.2395 | · 0.00% | ▲ +2.06% | $0.0900 (+62.42%) |
Jun 9, 2026 19w ago | Press Release | $0.1430 $0.1501 | ▲ +4.96% | ▲ +3.57% | $0.0900 (−37.06%) |
Jun 1, 2026 21w ago | 8-K | $0.2200 $0.1813 | ▲ +17.59% | ▲ +16.29% | $0.0900 (+59.09%) |
May 14, 2026 23w ago | 8-K | $0.1950 $0.2350 | ▲ +20.51% | ▲ +18.39% | $0.0900 (−53.85%) |
May 1, 2026 25w ago | Press Release | $0.1500 $0.2200 | ▲ +46.67% | ▲ +41.38% | $0.0900 (−40.00%) |
Apr 23, 2026 26w ago | 8-K | $0.5700 $0.1600 | ▲ +71.93% | ▲ +76.56% | $0.0900 (+84.21%) |
Apr 17, 2026 27w ago | 3 | $1.55 $0.1700 | ▼ −89.03% | ▼ −93.23% | $0.0900 (−94.19%) |
Apr 17, 2026 27w ago | 8-K | $1.35 $0.2300 | ▼ −82.96% | ▼ −88.33% | $0.0900 (−93.33%) |
Apr 7, 2026 28w ago | 144 | $2.58 $0.1430 | ▼ −94.45% | ▼ −104.23% | $0.0900 (−96.50%) |
Apr 7, 2026 29w ago | Insider Cluster | $2.58 $0.1430 | ▲ +94.45% | ▲ +104.23% | $0.0900 (+96.50%) |
US Market Status
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