Akanda Corp. Regains Compliance with Nasdaq Periodic Filing Requirement
Rhea-AI Summary
Akanda Corp. (NASDAQ: AKAN) announced it has regained compliance with Nasdaq Listing Rule 5250(c)(1) after filing its delayed Annual Report on Form 20-F for fiscal 2025 with the SEC on June 9, 2026. Nasdaq confirmed on June 10, 2026 that the compliance matter is closed.
Positive
- Nasdaq confirms AKAN regained compliance with Listing Rule 5250(c)(1)
- Form 20-F for fiscal year ended December 31, 2025 filed on June 9, 2026
- Nasdaq states the prior non-compliance matter is now closed
Negative
- Company previously failed to timely file its 2025 Form 20-F
- Nasdaq notified AKAN of non-compliance with Listing Rule 5250(c)(1) on May 20, 2026
News Market Reaction – AKAN
In the Jun 12 session, AKAN gained 20.47%, reflecting a significant positive market reaction. Argus tracked a peak move of +60.7% during that session. Our momentum scanner triggered 27 alerts that day, indicating elevated trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 22 | Nasdaq noncompliance notice | Negative | -12.0% | Nasdaq warned of potential delisting after late Form 20-F filing. |
| May 22 | Meeting cancellation | Negative | +15.6% | Special shareholder meeting cancelled due to expected lack of quorum. |
| Apr 29 | Meeting adjournment | Neutral | +48.6% | Special meeting adjourned again after failing to reach quorum. |
| Apr 09 | Reverse stock split | Negative | -3.9% | Announced 1-for-4.5 reverse split to consolidate common shares. |
| Apr 07 | Meeting adjournment | Neutral | -1.3% | Shareholder meeting adjourned after failing to meet quorum requirements. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent news has focused on Nasdaq compliance and governance (meetings, reverse split), with mixed price reactions and several sharp moves on administrative updates.
Over the last few months, Akanda’s news flow has centered on listing compliance and capital structure. A 1-for-4.5 reverse split announced on Apr 9, 2026 and implemented on Apr 13, 2026 was followed by multiple adjournments and cancellation of a special shareholder meeting due to lack of quorum. On May 22, 2026, Nasdaq flagged noncompliance for a late Form 20-F, prompting a -12.02% move. Today’s notice that the filing is complete and compliance restored directly resolves that earlier issue.
Key Terms
form 20-f regulatory
nasdaq listing rule 5250(c)(1) regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
Filing of Annual Report on Form 20-F for Fiscal 2025 Restores Compliance with Nasdaq Listing Rule 5250(c)(1)
Toronto, Ontario--(Newsfile Corp. - June 12, 2026) - Akanda Corp. (NASDAQ: AKAN) (the "Company" or "Akanda"), today announced that on June 10, 2026, it received written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") confirming that the Company has regained compliance with Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic financial reports with the U.S. Securities and Exchange Commission (the "SEC").
On May 20, 2026, Nasdaq notified the Company that it was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of its failure to file its Annual Report on Form 20-F for the fiscal year ended December 31, 2025 (the "Form 20-F"). On June 9, 2026, the Company filed the Form 20-F with the SEC. Accordingly, Nasdaq has determined that the matter is closed.
-Ends-
For further information contact:
AKANDA CORP. GENERAL ENQUIRIES
E: ir@akandacorp.com
About Akanda Corp.
Akanda Corp., through its cannabis subsidiary with operations in Canada, is seeking to cultivate and distribute high-quality cannabis and wellness products that improve lives. Its mission is to provide safe, reliable, and accessible cannabis products to consumers worldwide while promoting sustainable business practices.
First Towers & Fiber Corp., a wholly-owned subsidiary of Akanda Corp., is focused on tower development and operating its 700+km fiber optic network in the attractive wireless market of Mexico, with an intention to expand to other Latin American countries.
Forward-Looking Statements
The information in this press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding expectations, hopes, beliefs, intentions, or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "forecast," "intends," "may," "will," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this press release may include the risks and uncertainties described in Akanda's filings from time to time with the SEC. Akanda undertakes no obligation to revise or update any forward-looking statements, except as required by applicable laws or regulations, to reflect events or circumstances after the date of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301241