Oriental Rise Provides Update Regarding Nasdaq Delisting Decision and Request for Reconsideration
Rhea-AI Summary
Oriental Rise (NASDAQ: ORIS) reported that a Nasdaq Hearings Panel decided to delist its ordinary shares for not meeting the $1.00 minimum bid price. Trading was suspended on June 24, 2026, while the company’s request for reconsideration remains under review.
A 1-for-4 reverse stock split became effective June 22, 2026, after which shares opened at $2.04 and closed at $2.42. Oriental Rise expects its shares to be quoted over-the-counter under symbol ORISF if Nasdaq listing is not restored. Business operations and SEC reporting obligations are unchanged.
AI-generated analysis. Not financial advice.
Positive
- 1-for-4 reverse stock split effective June 22, 2026
- Post-split share price closed at $2.42, above $1.00 minimum
- Company actively pursuing reconsideration and potential further appeal
- Nasdaq suspension does not affect operations or SEC reporting
Negative
- Nasdaq Panel decided to delist shares from Nasdaq Capital Market
- Trading in ordinary shares suspended on Nasdaq as of June 24, 2026
- No assurance of successful reconsideration or appeal
- Shares expected to move to OTC market under symbol ORISF
- Listing uncertainty may impact liquidity and investor access
Key Figures
Peers on Argus
ORIS fell sharply while key peers were mixed: one notable decliner (RKDA) and two gainers (HCWC, FAMI), with others flat. This pattern points to company-specific pressure rather than a broad sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Apr 20 | Nasdaq delisting notice | Negative | -19.9% | Nasdaq staff determination to delist shares for minimum bid price noncompliance. |
| Mar 09 | Renewable energy partnership | Positive | -23.9% | Strategic agro-photovoltaic partnership to add renewable energy at tea plantations. |
| Jan 15 | Compliance regained | Positive | +21.1% | Nasdaq confirmed minimum bid price compliance for ten consecutive trading days. |
| Jan 09 | RTD tea LOI | Positive | +13.4% | Non-binding LOI to acquire PoDu white tea ready-to-drink brand and assets. |
| Dec 30 | Upstream acquisition LOI | Positive | +22.1% | LOI to acquire controlling interest in Hubei Daguan Tea Industry Group. |
ORIS often reacts sharply to listing/compliance and corporate news, with most prior events moving in the same direction as the news tone.
Regulatory & Risk Context
Short positioning appears elevated, which can increase the potential for sharp moves and squeeze dynamics if sentiment or liquidity conditions change.
Market Pulse Summary
This announcement centers on Nasdaq’s delisting decision and ORIS’s reconsideration request, despite a reverse split that lifted prices above $1.00. Investors will watch the Panel’s decision and any transition to OTC trading as key next steps.
Key Terms
reverse stock split financial
minimum bid price financial
over-the-counter market financial
AI-generated analysis. Not financial advice.
NINGDE, China, June 24, 2026 (GLOBE NEWSWIRE) -- Oriental Rise Holdings Limited (NASDAQ: ORIS) ("Oriental Rise" or the "Company"), an integrated tea supplier in mainland China, today provided an update regarding the decision of the Nasdaq Hearings Panel (the "Panel") to delist the Company’s ordinary shares from The Nasdaq Capital Market.
Following the May 19, 2026 oral hearing before the Nasdaq Listing Qualification Panel where the Company outlined its plan of compliance with the
Prior to the issuance of the Panel’s decision, the Company’s previously announced 1-for-4 reverse stock split became effective at the open of trading on June 22, 2026. On that day, the Company’s ordinary shares opened at
Because the reverse stock split had already become effective and in light of the post-split trading levels in the Company’s securities, the Company submitted an emergency request for a stay of the suspension and reconsideration of the Panel’s delisting decision on the evening of June 22, 2026.
On June 23, 2026, the Company’s counsel received an email from Nasdaq stating that the Panel was reviewing the Company’s request for reconsideration, that the Company would be notified within 15 calendar days, and that the Panel had chosen to stay the suspension while considering the request.
On June 24, 2026, Nasdaq advised the Company’s counsel that its prior email had inadvertently omitted the word "not" and should instead have stated that the Panel, in fact, had chosen not to stay the suspension. Accordingly, trading in the Company’s ordinary shares on Nasdaq was suspended, while the Panel continued to consider the Company’s request for reconsideration, which consideration is ongoing, to the best of the Company’s knowledge.
The Company believes that the effectiveness of the reverse stock split and the resulting post-split trading price, among other factors, are material developments relevant to the Panel’s assessment of the Company’s ability to regain and maintain compliance with Nasdaq Listing Rule 5550(a)(2). The Company will continue to pursue its request for reconsideration.
If the Panel does not reconsider its decision, the Company currently intends to request that the Nasdaq Listing and Hearing Review Council review the Panel’s decision. There can be no assurance that the Panel will grant reconsideration, that any appeal will be successful, or that the Company’s ordinary shares will resume trading on Nasdaq.
Unless and until the Panel reverses or modifies its decision, or the Company is successful in a subsequent appeal, the Company expects that its ordinary shares will be quoted in the over-the-counter market. Shareholders should consult their brokers regarding the availability of quotations and trading under the Company’s OTC trading symbol, ORISF.
The suspension from Nasdaq does not affect the Company’s business operations, corporate organization, or obligation to continue complying with applicable U.S. Securities and Exchange Commission reporting requirements.
About Oriental Rise Holdings Limited
Oriental Rise Holdings Limited is an integrated supplier of tea products in mainland China. Its major tea products include primarily-processed tea consisting of white tea and black tea, as well as refined white tea and black tea. The Company’s business operations are vertically integrated, covering tea cultivation, processing of tea leaves, and the sale of tea products to tea business operators, such as wholesale distributors, and end-user retail customers in mainland China. The Company operates tea gardens located in Zherong County, Ningde City in Fujian Province of mainland China.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements, including, without limitation, statements regarding the Company’s request for reconsideration, any potential appeal, the possible resumption of trading on Nasdaq, quotation of the Company’s ordinary shares in the over-the-counter market, and the Company’s ability to regain or maintain compliance with applicable listing requirements. 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. Words such as "believes," "expects," "intends," "plans," "may," "will," and similar expressions are intended to identify forward-looking statements.
The Company undertakes no obligation to update or revise any forward-looking statements, except as required by applicable law. Investors are cautioned that actual results may differ materially from those described in the forward-looking statements.
For investor and media inquiries, please contact:
Oriental Rise Holdings Limited
Investor Relations Department
Email: ir@mdhtea.cn
