Cuprina Holdings Completes Reverse Stock Split, Requests Nasdaq Hearing
Cuprina Holdings announced that it completed a reverse stock split on May 27, 2026, and requested a hearing before the Nasdaq Hearings Panel, in response to a staff determination letter received on May 27, 2026, from the Listing Qualifications Department of the Nasdaq Stock Market LLC. The Letter notified the company that, due to the company's failure to regain compliance with a minimum bid price of $1.00 per share requirement for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2), Nasdaq has determined that company's securities will be scheduled for delisting from Nasdaq unless the company requests an appeal of the Determination to a Panel. On November 26, 2025, the company received a notice from Nasdaq, notifying the company that based upon the closing bid price of its securities for the last 30 consecutive business days preceding the Notice, the company was not in compliance with the Minimum Bid Requirement. In accordance with Listing Rule 5810(c)(3)(a), the Notice provided the company a period of 180 calendar days from the date of the Notice, or until May 26, 2026, to regain compliance with the Minimum Bid Requirement. According to the Letter, the company had not regained compliance with the Minimum Bid Requirement as of May 26, 2026. Unless the company requests an appeal of the Determination by June 3, 2026 to the Panel, the company's securities will be suspended at the opening of business on June 5, 2026, and a Form 25-NSE will be filed with the U.S. Securities and Exchange Commission, which will remove the company's securities from listing and registration on Nasdaq. The company has proactively completed the share consolidation on May 27, 2026, which is expected to bring the company's bid price into compliance with the Minimum Bid Requirement. The company remains committed to maintaining its Nasdaq listing and will provide its shareholders with material updates when they are available.
