XMax receives Nasdaq notice over Listing Rule 5635(d) failure
Nasdaq notified XMax it failed to comply with Listing Rule 5635(d) after issuing more than 20% of pre-transaction shares below the minimum price without prior shareholder approval; the company has until Oct. 26, 2026 to submit a plan.
On September 10, 2026, the company said it received a Nasdaq notice for failing to comply with Listing Rule 5635(d) after issuing more than 20% of its pre-transaction shares at below the Minimum Price without prior shareholder approval. The company has 45 days, until October 26, 2026, to submit a plan to regain compliance.