Abpro chair Suk quits role, stays on board
Abpro Holdings, Inc. (ABPO) reports that on August 25, 2026, Miles Suk voluntarily resigned as Chairman of the Board, effective that date.
Rhea-AI Filing Summary
Abpro Holdings, Inc. (ABPO) reports that on August 25, 2026, Miles Suk voluntarily resigned as Chairman of the Board, effective that date. The company states his resignation was not due to any disagreement regarding operations, policies, or practices, and he will continue to serve as a director. The Board plans to appoint a new Chair at its next regularly scheduled meeting.
In connection with Mr. Suk’s prior resignation as Chief Executive Officer, Abpro terminated his consulting agreement. He is entitled to continued payment of his $300,000 annual consulting fee for 60 days beginning August 19, 2026, resulting in $50,000 of compensatory payments during that period. Other than standard directors’ fees while he remains on the Board, the company reports no further compensatory obligations to him. The company’s common stock and warrants trade on the OTC Pink Ltd. tier following delisting from Nasdaq as of February 23, 2026.
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8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Par value of common stock: $0.0001 per share
Warrant exercise price: $114.90 per share
Annual consulting fee: $300,000 per year
+3 more
6 metrics
Par value of common stock
$0.0001 per share
Par value of Abpro Holdings, Inc. common stock
Warrant exercise price
$114.90 per share
Each whole warrant exercisable for one share of common stock
Annual consulting fee
$300,000 per year
Consulting fee previously payable to Miles Suk
Consulting fee continuation period
60 days
Period beginning August 19, 2026 during which consulting fee continues
Consulting payments due after termination
$50,000
Total compensatory payments to Miles Suk during 60-day period beginning August 19, 2026
OTC Pink listing date
February 23, 2026
Date common stock and warrants began trading on OTC Pink Ltd. tier after Nasdaq delisting
Key Terms
OTC Pink Ltd. tier, emerging growth company, par value, warrants, +1 more
5 terms
OTC Pink Ltd. tier market
"Delisted from Nasdaq; trading on OTC Pink Ltd. tier as of February"
emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
par value financial
"Shares of Common Stock, par value $0.0001 per share"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
warrants financial
"Warrants, each whole warrant exercisable for one share of Common"
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.
Inline XBRL technical
"Cover Page Interactive Data File (embedded within the Inline XBRL"
Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.
FAQ
What leadership change did Abpro Holdings, Inc. (ABPO) disclose on August 25, 2026?
Abpro disclosed that Miles Suk voluntarily resigned as Chairman of the Board effective August 25, 2026. He remains on the Board as a director, and the Board will appoint a successor Chair at its next regularly scheduled meeting.
Did Miles Suk leave the Board of Directors of ABPO entirely?
No. Abpro states that while Miles Suk resigned as Chairman of the Board, he will continue to serve as a member of the Board of Directors following his resignation as Chair.
Was Miles Suk’s resignation as Chairman of ABPO due to a disagreement with the company?
Abpro reports that Mr. Suk’s resignation was not the result of any disagreement with the company on any matter relating to its operations, policies, or practices.
What compensation is Miles Suk receiving from ABPO after his consulting agreement termination?
Following termination of his consulting agreement, Mr. Suk is entitled to continued payment of his $300,000 annual consulting fee for 60 days beginning August 19, 2026, totaling $50,000. Beyond standard directors’ fees, Abpro states it has no other compensatory obligations to him.
On which market does ABPO’s common stock currently trade?
Abpro’s common stock, par value $0.0001 per share, and its warrants (ABPWW) were delisted from Nasdaq and have been trading on the OTC Pink Ltd. tier since February 23, 2026.
What are the terms of Abpro’s publicly traded warrants (ABPWW)?
Each public warrant is exercisable for one share of Abpro common stock at an exercise price of $114.90 per share. The warrants are traded on the OTC Pink Ltd. tier under the symbol ABPWW.
AI-generated analysis. How Rhea-AI works. Not financial advice.
