Delisting of Securities of Blue Star Foods Corp.; Altamira Therapeutics Ltd.; Evergreen Corporation; Fresh2 Group Limited; Coliseum Acquisition Corp.; The Real Good Food Company, Inc.; Mynaric AG; byNordic Acquisition Corporation; Avinger Inc.; MultiMetaVerse Holdings Limited; Nature's Miracle Holding Inc.; and SPI Energy Co., Ltd. from the Nasdaq Stock Market

Rhea-AI Summary

Nasdaq has announced the delisting of securities from 12 companies that were previously suspended from trading. The affected companies include Blue Star Foods, Altamira Therapeutics, Fresh2 Group, Coliseum Acquisition, Real Good Food Company, MultiMetaVerse Holdings, Nature's Miracle Holding, SPI Energy, Evergreen Corporation, Mynaric AG, byNordic Acquisition, and Avinger. The suspensions occurred between December 20, 2024, and February 18, 2025, and none of these securities have traded on Nasdaq since their respective suspension dates. The delistings affect various types of securities including common stocks, American Depositary Shares, Class A Ordinary Shares, warrants, and units.

Positive

• Nasdaq demonstrates strong regulatory oversight by removing non-compliant companies
• The delisting process helps maintain market integrity and protect investors

Negative

• Mass delisting of 12 companies indicates potential broader market or compliance issues
• Loss of major exchange listing status for multiple companies could affect their market accessibility and investor confidence

Insights

Securities Regulation Expert

Nasdaq's mass delisting of 12 companies signals severe compliance issues after extended trading suspensions, creating liquidity challenges for affected shareholders.

This mass delisting announcement represents a significant regulatory action by Nasdaq affecting 12 distinct companies whose securities have been suspended from trading for extended periods (between 4-6 months). The affected companies span multiple sectors including food (Blue Star Foods, Real Good Food, Fresh2 Group), healthcare (Altamira Therapeutics, Avinger), energy (SPI Energy), technology (MultiMetaVerse, Mynaric), and several SPACs or acquisition vehicles (Coliseum, byNordic, Evergreen).

What's particularly notable is that all these securities had already been suspended from trading for substantial periods before this formal delisting announcement. This pattern suggests these companies likely failed to meet continued listing requirements and either couldn't or chose not to remedy their compliance issues during their suspension periods.

For shareholders of these companies, this delisting creates significant complications. Their holdings will likely move to the OTC (over-the-counter) markets, which typically results in reduced liquidity, wider bid-ask spreads, less regulatory oversight, and often lower valuations. Institutional investors may be forced to sell these positions due to investment mandate restrictions against holding non-exchange listed securities.

The clustering of these delistings indicates Nasdaq is potentially clearing its regulatory backlog of non-compliant issuers. While each company likely had unique compliance issues (whether financial reporting deficiencies, minimum bid price failures, or governance concerns), the formal delisting action suggests Nasdaq has determined these companies cannot reasonably return to compliance in the near term.

NEW YORK, June 11, 2025 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market announced today that it will delist the common stock of Blue Star Foods Corp. Blue Star Foods Corp.’s stock was suspended on December 20, 2024 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common shares of Altamira Therapeutics Ltd. Altamira Therapeutics Ltd.’s stock was suspended on December 20, 2024 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the American Depositary Shares of Fresh2 Group Limited. Fresh2 Group Limited’s stock was suspended on December 24, 2024 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Class A Ordinary Shares, Warrants, and Units of Coliseum Acquisition Corp. Coliseum Acquisition Corp.’s securities were suspended on December 27, 2024 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Class A Common Stock of The Real Good Food Company, Inc. The Real Good Food Company, Inc.’s stock was suspended on January 7, 2025 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Class A Ordinary Shares and Warrants of MultiMetaVerse Holdings Limited. MultiMetaVerse Holdings Limited’s securities were suspended on January 10, 2025 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock and warrants of Nature's Miracle Holding Inc. Nature's Miracle Holding Inc.’s securities were suspended on January 15, 2025 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the ordinary shares of SPI Energy Co, Ltd. SPI Energy Co., Ltd.’s ordinary shares were suspended on January 15, 2025 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Class A Ordinary Shares, Warrants, and Units of Evergreen Corporation. Evergreen Corporation’s securities were suspended on February 13, 2025 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the American Depository Shares of Mynaric AG. Mynaric AG’s security was suspended on February 18, 2025 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Class A Common Stock, Warrants, and Units of byNordic Acquisition Corporation. byNordic Acquisition Corporation’s securities were suspended on February 18, 2025 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock of Avinger, Inc. Avinger, Inc.’s stock was suspended on February 18, 2025 and has 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

How many companies are being delisted from Nasdaq in June 2025?

Nasdaq is delisting securities from 12 companies: Blue Star Foods, Altamira Therapeutics, Fresh2 Group, Coliseum Acquisition, Real Good Food Company, MultiMetaVerse Holdings, Nature's Miracle Holding, SPI Energy, Evergreen Corporation, Mynaric AG, byNordic Acquisition, and Avinger.

When were these companies initially suspended from trading on Nasdaq?

The companies were suspended between December 20, 2024, and February 18, 2025, with none trading on Nasdaq since their respective suspension dates.

What types of securities are being delisted from Nasdaq?

The delisting includes various types of securities including common stocks, American Depositary Shares, Class A Ordinary Shares, warrants, and units.

Where can investors find Nasdaq's rules about security delisting?

Nasdaq's delisting rules can be found in the Nasdaq Rule 5800 Series, available on the Nasdaq Web site at https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/nasdaq-5800-series.

What happens to shares of companies after they are delisted from Nasdaq?

After delisting, the securities can no longer trade on Nasdaq, though they may be eligible to trade on over-the-counter markets depending on their compliance with other regulatory requirements.