Australian Oilseeds receives Nasdaq delisting notice over stockholders' equity shortfall
Australian Oilseeds Holdings received a June 4, 2025 Nasdaq letter saying it has not regained compliance with the $10 million minimum stockholders' equity requirement, and that its securities will be delisted unless it appeals. The company plans to request a hearing before the Nasdaq Hearings Panel by 4:00 p.m. Eastern Time on June 11, 2025, which would automatically stay the trading suspension while the Panel decides, though it says no assurance of that extension can be given. Shareholders face a real risk of losing their Nasdaq listing.
- Nasdaq letter dated June 4, 2025 says the company is still below the $10 million minimum stockholders' equity requirement under Listing Rule 5450(b)(1).
- The company was first notified on December 6, 2024, was granted a 180-day extension, and Nasdaq later extended the deadline to evidence compliance to May 30, 2025.
- A Panel hearing request is due by 4:00 p.m. Eastern Time on June 11, 2025; the company says no assurance can be given that the suspension stay will be granted.
- On June 10, 2025 the company also applied to list its securities on The Nasdaq Capital Market.