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.
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