Delisting of Securities from The Nasdaq Stock Market

Nasdaq (NASDAQ:NDAQ) announced plans on May 11, 2026 to delist multiple securities that have been suspended and not traded on Nasdaq since late 2025 or early 2026.

Rhea-AI Summary

Nasdaq (NASDAQ:NDAQ) announced plans on May 11, 2026 to delist multiple securities that have been suspended and not traded on Nasdaq since late 2025 or early 2026.

Impacted issuers include logistics, hospitality, veterinary, biotech, SPAC, restaurant, consumer, and technology companies.

Argus May 12 session

+1.14% close to close Open Argus

Details

News Market Reaction – NDAQ

In the May 12 session, NDAQ gained 1.14%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details the formal delisting of multiple securities that had already been suspende...

Analysis

This announcement details the formal delisting of multiple securities that had already been suspended from trading on Nasdaq across late 2025 and early 2026. It reinforces Nasdaq’s application of its Rule 5800 Series for continued listing, rather than signaling new revenue or guidance information. Investors following NDAQ may focus on how such enforcement fits alongside recent updates on volumes, short-interest statistics, and dividend policy when assessing the exchange’s operational footing.

Key Figures

MingZhu suspension date: December 12, 2025 Harrison Global suspension: December 15, 2025 MSP Recovery suspension: December 22, 2025 +5 more

MingZhu suspension date

December 12, 2025

Suspension date for MingZhu Logistics ordinary shares on Nasdaq

Harrison Global suspension

December 15, 2025

Suspension date for Harrison Global Holdings ordinary shares

MSP Recovery suspension

December 22, 2025

Suspension date for MSP Recovery Class A stock and warrants

Inspire Veterinary suspension

January 21, 2026

Suspension date for Inspire Veterinary Partners Class A common stock

Synlogic suspension

January 21, 2026

Suspension date for Synlogic, Inc. common stock

FAT Brands securities suspension

February 4, 2026

Suspension date for FAT Brands common, Class B, and 8.25% Series B preferred

QVC Group securities suspension

April 24, 2026

Suspension date for QVC Group Series A common and 8.0% Series A preferred

NDAQ 52-week range

$77.09–$101.79

Pre-news 52-week low and high for NDAQ

Historical Context

5 past events · Latest: May 05

5 events

1. May 05

   Monthly volumes data

   24h Move

   +0.2%

   Reported April 2026 trading volumes and posted detailed data sheet.

2. Apr 29

   Employee benefit update

   24h Move

   -0.0%

   Announced matching federal contribution to Trump Accounts for employees’ children.

3. Apr 27

   Trading resumption

   24h Move

   +0.6%

   Resumed trading in American Rebel Holdings following prior halt.

4. Apr 24

   Short interest stats

   24h Move

   +0.6%

   Reported mid-month open short interest across Nasdaq securities.

5. Apr 23

   Dividend increase

   24h Move

   +0.8%

   Announced increase in quarterly dividend to $0.31 per share.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

warrants, cumulative preferred stock, redeemable preferred stock

3 terms

warrants financial

"will delist the Class A common stock and warrants of MSP Recovery, Inc."

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

View in glossary

cumulative preferred stock financial

"8.25% Series B Cumulative Preferred Stock of FAT Brands Inc."

Cumulative preferred stock is a type of share that pays fixed dividends and creates an obligation for the company to repay any missed dividend payments later; if the firm skips a dividend, those unpaid amounts build up like an IOU and must be paid to these shareholders before common shareholders receive dividends. Investors care because it offers steadier income and higher priority in the payout order, making it less risky than common stock but still subject to company solvency and interest-rate shifts.

redeemable preferred stock financial

"8.0% Series A Cumulative Redeemable Preferred Stock of QVC Group, Inc."

A redeemable preferred stock is an ownership share that pays a steady dividend and gives holders priority over common shareholders for dividends and bankruptcy payouts, but can be bought back by the issuing company at a predetermined price or after a set date. It matters to investors because it combines income-like stability with limited upside—think of it as a preferred seat with an exit button the issuer can press—so you gain income and safety relative to common stock but face the risk of being forced to sell back at the issuer’s chosen price.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, May 11, 2026 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market announced today that it will delist the ordinary shares of MingZhu Logistics Holdings Limited. MingZhu Logistics Holdings Limited’s ordinary shares were suspended on December 12, 2025 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the ordinary shares of Harrison Global Holdings Inc. Harrison Global Holdings Inc.’s ordinary shares were suspended on December 15, 2025 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Class A common stock and warrants of MSP Recovery, Inc. MSP Recovery, Inc.’s securities were suspended on December 22, 2025 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Class A ordinary shares of EPWK Holdings Ltd. EPWK Holdings Ltd.’s Class A ordinary shares were suspended on December 23, 2025 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Class A common stock of Inspire Veterinary Partners, Inc. Inspire Veterinary Partners, Inc.’s Class A common stock was suspended on January 21, 2026 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock of Synlogic, Inc. Synlogic, Inc.’s common stock was suspended on January 21, 2026 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Class A common stock of Twin Hospitality Group Inc. Twin Hospitality Group Inc.’s Class A common stock was suspended on February 4, 2026 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Common Stock, Class B Common Stock, and 8.25% Series B Cumulative Preferred Stock of FAT Brands Inc. FAT Brands Inc.’s securities were suspended on February 4, 2026 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the ordinary shares and warrants of Carbon Revolution Public Limited Company. Carbon Revolution Public Limited Company’s securities were suspended on February 9, 2026 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock of ScanTech AI Systems Inc. ScanTech AI Systems Inc.’s common stock was suspended on February 10, 2026 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the ordinary shares of CASI Pharmaceuticals, Inc. CASI Pharmaceuticals, Inc.’s ordinary shares were suspended on February 26, 2026 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Class A ordinary shars of TIAN RUIXIANG Holdings Ltd. TIAN RUIXIANG Holdings Ltd’s Class A ordinary shares were suspended on March 5, 2026 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Class A ordinary shares, units, rights, and warrants of Oak Woods Acquisition Corporation. Oak Woods Acquisition Corporation’s securities were suspended on March 25, 2026 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the ordinary shares of Iterum Therapeutics plc. Iterum Therapeutics plc’s ordinary shares were suspended on April 1, 2026 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock of IO Biotech, Inc. IO Biotech, Inc.’s common stock was suspended on April 7, 2026 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Series A Common Stock and 8.0% Series A Cumulative Redeemable Preferred Stock of QVC Group, Inc. QVC Group, Inc.’s securities were suspended on April 24, 2026 and have not traded on Nasdaq since that time.

For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com. Nasdaq’s rules governing the delisting of securities can be found in the Nasdaq Rule 5800 Series, available on the Nasdaq Web site: https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/nasdaq-5800-series.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Nasdaq (NDAQ) announce on May 11, 2026 about delisting securities?

Nasdaq announced it will delist several suspended securities that have not traded on its market since late 2025 or early 2026. According to Nasdaq, these delistings affect multiple ordinary shares, common stocks, preferred stocks, units, rights, and warrants across various listed companies.

Which company securities are being delisted by Nasdaq in the May 11, 2026 notice?

Nasdaq plans to delist securities of MingZhu Logistics, Harrison Global, MSP Recovery, EPWK, Inspire Veterinary Partners, Synlogic, Twin Hospitality, FAT Brands, Carbon Revolution, ScanTech AI Systems, CASI Pharmaceuticals, TIAN RUIXIANG, Oak Woods Acquisition, Iterum, IO Biotech, and QVC Group. According to Nasdaq, each had been previously suspended.

When were the securities now being delisted by Nasdaq (NDAQ) originally suspended from trading?

The affected securities were suspended between December 12, 2025 and April 24, 2026, depending on the issuer. According to Nasdaq, none of these securities have traded on the Nasdaq market since their respective suspension dates, prompting the current delisting actions.

Where can investors find Nasdaq rules governing delisting of securities (NDAQ)?

Investors can review Nasdaq’s delisting rules in the Nasdaq Rule 5800 Series, available on its Listing Center website. According to Nasdaq, these rules explain procedures and standards for suspending and delisting securities from The Nasdaq Stock Market.

How can investors get more information on Nasdaq (NDAQ) and these delistings?

Investors can visit Nasdaq’s main website at www.nasdaq.com for more information about The Nasdaq Stock Market. According to Nasdaq, further detail on delisting rules is provided in the Rule 5800 Series on its Listing Center rulebook page.

Do the securities named in Nasdaq’s May 11, 2026 announcement currently trade on Nasdaq?

No, the listed securities do not currently trade on Nasdaq and have not since their suspension dates. According to Nasdaq, each security mentioned was previously suspended and remains non-trading on The Nasdaq Stock Market ahead of formal delisting.