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Akanda Corp. (NASDAQ: AKAN) flagged by Nasdaq for negative equity shortfall

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Akanda Corp. reports that Nasdaq has notified the company it is not meeting a key listing standard tied to stockholders’ equity. Nasdaq Listing Rule 5550(b)(1) requires at least $2.5 million in stockholders’ equity for continued listing on the Nasdaq Capital Market.

Akanda’s Form 20-F for the year ended December 31, 2025 showed stockholders’ equity of $-11,990,437, and Nasdaq also found the company does not meet alternative standards based on market value of listed securities or net income from continuing operations. The notice does not immediately affect trading, but Akanda has 45 days, until July 31, 2026, to submit a plan to regain compliance. If Nasdaq accepts that plan, the exchange may grant up to 180 days from the notice date to regain compliance, and Akanda states it intends to submit such a plan and is evaluating ways to meet the listing requirements.

Positive

  • None.

Negative

  • Nasdaq listing deficiency and large negative equity: Akanda received a Nasdaq notice of noncompliance with the $2.5 million minimum stockholders’ equity requirement, after reporting stockholders’ equity of $-11,990,437 and also failing alternative listing standards based on market value and net income.

Insights

Akanda faces a Nasdaq listing deficiency driven by deeply negative equity and must execute a credible turnaround plan.

Akanda discloses noncompliance with Nasdaq Listing Rule 5550(b)(1), which requires at least $2.5 million in stockholders’ equity. Its reported equity of $-11,990,437 as of December 31, 2025 indicates a substantial capital shortfall relative to this threshold.

Nasdaq also found Akanda does not satisfy alternative continued listing standards tied to market value of listed securities or net income from continuing operations. The notice does not immediately halt trading, but it places the company within a formal remediation timeline under Nasdaq’s procedures.

Akanda has 45 days, until July 31, 2026, to propose a plan to regain compliance and may receive up to 180 days from the notice date if Nasdaq accepts that plan. Future disclosures about capital measures or operational changes to improve stockholders’ equity will be key to understanding whether the listing can be maintained.

Minimum equity requirement $2.5 million stockholders’ equity Nasdaq Listing Rule 5550(b)(1) threshold for continued listing
Reported stockholders’ equity $-11,990,437 As of December 31, 2025 per Form 20-F
Compliance plan window 45 calendar days Time allowed to submit plan, until July 31, 2026
Potential remediation period Up to 180 calendar days Maximum extension from notice date if plan accepted
Notice date June 16, 2026 Date Nasdaq issued the deficiency notification
Announcement date June 18, 2026 Date Akanda publicly announced receipt of Nasdaq notice
Nasdaq Listing Rule 5550(b)(1) regulatory
"not in compliance with Nasdaq Listing Rule 5550(b)(1), which requires companies..."
stockholders’ equity financial
"requires ... a minimum of $2.5 million in stockholders’ equity for continued listing"
Stockholders’ equity is the portion of a company’s value that belongs to its owners after subtracting what the company owes from what it owns — like the equity in a house after paying the mortgage. For investors it shows the company’s net worth and can indicate financial strength, a cushion against losses, and the amount potentially available to support dividends or reinvestment; tracking changes helps assess whether the business is building or eroding owner value.
continued listing regulatory
"minimum of $2.5 million in stockholders’ equity for continued listing"
When a stock receives a "continued listing," it means the exchange has decided the company’s shares will remain tradable on that market after a review or challenge, often because the company met certain requirements or corrective steps. For investors this matters because continued listing preserves liquidity and access to buy or sell the stock—think of it as a store passing an inspection so customers can keep shopping rather than being forced to close.
Nasdaq Capital Market market
"companies listed on The Nasdaq Capital Market to maintain a minimum..."
The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.
forward-looking statements regulatory
"The information in this press release includes “forward-looking statements” within the meaning..."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
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Form 6-K: How Foreign Companies Report to the SEC →

 

  

UNITED STATES 

SECURITIES AND EXCHANGE COMMISSION 

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of June 2026

 

Commission File Number: 001-41324

 

AKANDA CORP.

(Name of registrant)

 

c/o Gowling WLG

100 King St. W, Suite 1600

Toronto, ON M5X 1G5

(Address of principal executive office)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

☒ Form 20-F ☐ Form 40-F

 

 

 

 

 

Exhibit
Number		   Description
99.1   Press Release dated June 18, 2026

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  AKANDA CORP.
  (Registrant)
     
Date: June 18, 2026 By: /s/ Katie Field
    Name: Katie Field
    Title: Interim Chief Executive Officer and Director

 

 

 

 

Exhibit 99.1

 

Akanda Announces Receipt of Nasdaq Notice Regarding Minimum Stockholders’ Equity Requirement

TORONTO, ON, June 18, 2026 — Akanda Corp. (NASDAQ: AKAN) (the “Company” or “Akanda”), today announced that it received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) on June 16, 2026 indicating that the Company is not in compliance with Nasdaq Listing Rule 5550(b)(1), which requires companies listed on The Nasdaq Capital Market to maintain a minimum of $2.5 million in stockholders’ equity for continued listing.

As reported in the Company’s Annual Report on Form 20-F for the fiscal year ended December 31, 2025, the Company reported stockholders’ equity of $-11,990,437. Nasdaq also determined that the Company does not meet the alternative continued listing standards relating to market value of listed securities or net income from continuing operations.

The notification has no immediate effect on the listing of the Company’s common shares on The Nasdaq Capital Market. Under Nasdaq rules, the Company has 45 calendar days, or until July 31, 2026, to submit a plan to regain compliance. If Nasdaq accepts the Company’s plan, Nasdaq may grant an extension of up to 180 calendar days from the date of the notice to regain compliance.

The Company intends to submit a compliance plan within the prescribed timeframe and is evaluating various alternatives to regain compliance with the applicable listing requirements.

—Ends—

For further information contact:

AKANDA CORP. GENERAL ENQUIRIES

E: ir@akandacorp.com

About Akanda Corp.

Akanda Corp., through its cannabis subsidiary with operations in Canada, is seeking to cultivate and distribute high-quality cannabis and wellness products that improve lives. Its mission is to provide safe, reliable, and accessible cannabis products to consumers worldwide while promoting sustainable business practices.

First Towers & Fiber Corp., a wholly-owned subsidiary of Akanda Corp., is focused on tower development and operating its 700+km fiber optic network in the attractive wireless market of Mexico, with an intention to expand to other Latin American countries.

Forward-Looking Statements

The information in this press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding expectations, hopes, beliefs, intentions, or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intends,” “may,” “will,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this press release may include statements regarding the Company’s plans to regain compliance with Nasdaq listing requirements, and the risks and uncertainties described in Akanda’s filings from time to time with the SEC. Akanda undertakes no obligation to revise or update any forward-looking statements, except as required by applicable laws or regulations, to reflect events or circumstances after the date of this press release.

Source: View Original Filing on SEC EDGAR

FAQ

Why did Akanda Corp. (AKAN) receive a Nasdaq noncompliance notice?

Akanda received the notice because it is not meeting Nasdaq Listing Rule 5550(b)(1), which requires at least $2.5 million in stockholders’ equity. Its Form 20-F showed stockholders’ equity of $-11,990,437 as of December 31, 2025, triggering the deficiency.

What Nasdaq listing rule is Akanda Corp. (AKAN) failing to meet?

Akanda is not in compliance with Nasdaq Listing Rule 5550(b)(1), which governs the minimum stockholders’ equity requirement for the Nasdaq Capital Market. The rule requires equity of at least $2.5 million for continued listing, a level Akanda’s reported equity falls far below.

Does the Nasdaq notice immediately affect trading in Akanda Corp. (AKAN) shares?

The notice has no immediate effect on the listing of Akanda’s common shares on the Nasdaq Capital Market. Trading can continue while the company prepares and submits a compliance plan and works within Nasdaq’s remediation timeline to address the equity shortfall.

How long does Akanda Corp. (AKAN) have to regain Nasdaq compliance?

Akanda has 45 calendar days, until July 31, 2026, to submit a plan to regain compliance. If Nasdaq accepts this plan, it may grant up to 180 calendar days from the notice date to bring stockholders’ equity or other listing metrics back to required levels.

What alternatives is Akanda Corp. (AKAN) considering to meet Nasdaq listing requirements?

Akanda states that it intends to submit a compliance plan within the required timeframe and is evaluating various alternatives to regain compliance. While specifics are not detailed, these alternatives would need to improve stockholders’ equity or satisfy the applicable Nasdaq standards.

Did Akanda Corp. (AKAN) fail other Nasdaq continued listing standards besides equity?

Yes. Nasdaq determined that Akanda does not meet alternative continued listing standards based on market value of listed securities or net income from continuing operations. This means the company currently fails multiple criteria that could otherwise support continued listing on the Nasdaq Capital Market.

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1 document

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