MaxsMaking Inc. Announces Receipt of Nasdaq Delisting Determination Notice
Rhea-AI Summary
MaxsMaking (Nasdaq: MAMK) announced it has received a Staff Delisting Determination from the Nasdaq Listing Qualifications Department, dated July 17, 2026, stating that Nasdaq has determined to delist the company’s securities under its discretionary authority in Listing Rule IM-5101-4.
The notice follows an SEC temporary trading suspension on November 17, 2025 and a Nasdaq trading halt on December 2, 2025. According to MaxsMaking, it intends to request a hearing before an independent Hearing Panel under Rule 5815, which will automatically stay any delisting or suspension action, although the trading halt will remain in place pending the panel’s decision.
Positive
- Hearing request will automatically stay delisting or suspension actions
- Company plans to appeal via independent Nasdaq Hearing Panel
Negative
- Nasdaq staff has determined to delist MAMK securities under Rule IM-5101-4
- Nasdaq trading halt in MAMK securities remains pending Hearing Panel decision
- SEC temporary trading suspension and prolonged halt limit market liquidity and access
Key Figures
Key Terms
staff delisting determination regulatory
automatic stay regulatory
trading halt regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
Following a temporary trading suspension in the Company's securities by the
Nasdaq Listing Rule IM-5101-4 allows Nasdaq "to exercise discretion to delist a company from Nasdaq based on the potential for one or more third parties to engage in misconduct impacting a company's securities where the SEC has implemented a temporary trading suspension." Nasdaq believes that the ability for third parties to manipulate a security's price indicates that the security does not have sufficient liquidity to promote fair and orderly markets and, therefore, delisting is consistent with the protection of investors and the public interest, and that it is appropriate to use its authority under IM-5101-4 to delist the Company's securities from Nasdaq based on those factors that make the Company's securities susceptible to manipulation.
The Company intends to request a hearing before an independent Hearing Panel pursuant to Nasdaq Listing Rule 5815. The hearing request will result in an automatic stay of any delisting or suspension action, pending the Hearings Panel decision; notwithstanding, the Company's securities will remain in the trading halt pending the Hearing Panel's decision.
About MaxsMaking Inc.
Founded in 2007 and headquartered in Shanghai, MaxsMaking Inc. specializes in customized consumer goods with a focus on advanced technology and innovation. With production facilities in China's Zhejiang and Henan provinces, the Company integrates digital production, software development, product design, brand management, online sales and international trade to deliver small-batch textile customization services. Its products include backpacks, shopping bags, aprons, and other promotional items. Using sustainable materials and proprietary order management technologies, MaxsMaking delivers high-quality, cost-effective products while emphasizing environmental protection and social responsibility. For more information, please visit the Company's website: https://ir.maxsmaking.com.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or other similar expressions in this announcement. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the U.S. Securities and Exchange Commission.
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SOURCE MaxsMaking Inc.