Chanson International (NASDAQ: CHSN) appeals Nasdaq move to delist after $0.10 share slump
Rhea-AI Filing Summary
Chanson International Holding received a Nasdaq notice on August 14, 2025 stating that its Class A ordinary shares closed at $0.10 or less for ten consecutive trading days through August 13, 2025. Under Nasdaq Listing Rule 5810(c)(3)(A)(iii), this triggered a determination by Nasdaq staff to delist the company’s securities from The Nasdaq Capital Market.
The company can challenge this decision. It has the right to request a hearing before a Nasdaq Hearings Panel by August 21, 2025, which would keep its shares trading and delay the filing of a delisting Form 25-NSE while the Panel reviews the case. The hearing fee is $20,000, and the company submitted its hearing request on August 15, 2025.
Positive
- None.
Negative
- Nasdaq staff has determined to delist Chanson International Holding’s securities from The Nasdaq Capital Market after the share price stayed at $0.10 or less for ten consecutive trading days, creating a significant listing-compliance risk.
Insights
Nasdaq has moved to delist CHSN after a prolonged sub‑$0.10 share price, with trading continued pending an appeal hearing.
The filing explains that Chanson International Holding fell under Nasdaq Listing Rule 5810(c)(3)(A)(iii) after its Class A shares closed at $0.10 or less for ten consecutive trading days through August 13, 2025. This prompted Nasdaq staff to determine that the securities should be delisted from The Nasdaq Capital Market, which is a serious listing compliance issue.
The company has exercised its right to request a hearing before a Nasdaq Hearings Panel, submitted on August 15, 2025. Under Nasdaq procedures, that request stays both the suspension of trading and the filing of Form 25-NSE while the Panel considers the matter. The filing notes a hearing fee of $20,000, indicating a non‑trivial cost to pursue continued listing. The ultimate outcome will depend on the Panel’s decision based on future submissions and developments.