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HUB Cyber Security Receives Nasdaq Deficiency Notice Over $35M Market Value
HUB Cyber Security announced on Friday that it received a Nasdaq deficiency notice for failing to meet the exchange's $35M minimum market value requirement. The notice has no immediate impact on trading, and HUBC shares will continue to trade on Nasdaq. The company has until March 22, 2027, to regain compliance, and must maintain a market value of at least $35M for 10 consecutive business days. If it fails to regain compliance, Nasdaq could move toward delisting, although the company would have the right to appeal. On the market side, the stock closed nearly 19% lower at ~$1.90.
HUBC · Regulation · Negative Nasdaq deficiency notice for failing to meet the $35M minimum market value requirement, with potential delisting if compliance is not regained.