Hub Cyber Security (HUBC) said late Tuesday it received a delisting notice from Nasdaq due to its failure to meet the minimum bid price requirement for continued listing.
The company missed the Jan. 13 deadline to regain compliance but believes its improved financial position supports its case for continued listing.
A Nasdaq hearings panel will review the company's appeal, scheduled for Feb. 6. The appeal request stays any delisting action until the panel renders its decision, and the company's securities will continue trading pending the outcome of the hearing, Hub Cyber Security said.
Shares of Hub Cyber Security were down more than 5% in after-hours activity.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.