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Nasdaq to delist Fast Track Group (NASDAQ: FTRK); OTC trading expected

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

Rhea-AI Filing Summary

FAST TRACK GROUP reports that Nasdaq has determined to delist its securities from The Nasdaq Capital Market for failure to meet the $1.00 minimum bid price required under Listing Rule 5550(a)(2). The company had two 180-day compliance periods, ending February 9, 2026 and August 10, 2026, but did not regain compliance.

Trading of the company’s ordinary shares on Nasdaq is scheduled to be suspended at the opening of business on August 18, 2026. FAST TRACK GROUP plans to appeal the determination to a Nasdaq Hearings Panel, which will stay the filing of Form 25-NSE but not the trading suspension. The company expects its securities to be tradable on the OTC Markets under the ticker “FTRKF” during the appeal process and plans an extraordinary general meeting on August 17, 2026 to vote on a share consolidation and other proposals.

Positive

  • None.

Negative

  • Nasdaq has determined to delist FAST TRACK GROUP for failing the $1.00 minimum bid price requirement, with Nasdaq trading to be suspended on August 18, 2026.
Minimum bid price requirement $1.00 Nasdaq Listing Rule 5550(a)(2) minimum closing bid price for continued listing
First compliance period end February 9, 2026 End of initial 180-day period to regain compliance with the Minimum Bid Price Rule
Second compliance period end August 10, 2026 End of second 180-day period to regain compliance with the Minimum Bid Price Rule
Nasdaq trading suspension date August 18, 2026 Date on which trading of ordinary shares on Nasdaq is scheduled to be suspended
Extraordinary general meeting date August 17, 2026 Shareholder meeting to vote on consolidation of ordinary shares and other proposals
OTC ticker symbol FTRKF Expected OTC Markets symbol for trading during the Nasdaq appeal process
Minimum Bid Price Rule regulatory
"fails to satisfy the continued listing requirement that the closing bid price of its securities remain at $1.00 or higher as required by Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”)"
A minimum bid price rule is a stock market requirement that a listed company's share must trade above a set minimum price over a specified period to remain listed on an exchange. It matters to investors because falling below that threshold can trigger warnings, potential delisting, and reduced liquidity—similar to a student needing a passing grade to stay enrolled—making the shares harder to buy, sell, or value accurately.
Form 25-NSE regulatory
"it will stay the filing of Form 25-NSE pending the Hearings Panel’s decision"
Form 25‑NSE is an official filing used to notify the stock exchange that a company’s securities are being removed from trading on that exchange, similar to handing in a key when a shop closes. Investors care because removal ends public trading on that venue, often cutting liquidity and making it harder to buy or sell shares, which can affect a stock’s price and how quickly investors can access cash or exit positions.
OTC Markets market
"its securities will be eligible to be traded on the OTC Markets under the ticker symbol “FTRKF.”"
Over-the-counter (OTC) markets are trading venues where buyers and sellers deal directly through dealers or electronic networks instead of on a formal exchange; think of a neighborhood flea market versus a supermarket. They matter to investors because OTC-listed stocks often represent smaller or international companies with fewer reporting requirements, which can mean lower liquidity, wider price swings and higher risk but sometimes earlier access to growth opportunities.
extraordinary general meeting regulatory
"expects to hold its extraordinary general meeting of shareholders on August 17, 2026"
Hearings Panel regulatory
"intends to appeal Staff’s determination to a Hearings Panel (the “Panel”)"
A hearings panel is a small group of officials or experts who hold formal sessions to review evidence, question parties, and make decisions about regulatory compliance, discipline, or approvals. Think of it like a review board or courtroom for business and market issues: its findings can lead to fines, changes in a company’s permissions, or even delisting. Investors pay attention because the panel’s rulings can directly affect a company’s operations, reputation and share price.

FAQ

Why is FAST TRACK GROUP (FTRK) facing delisting from Nasdaq?
FAST TRACK GROUP is facing delisting because its closing bid price failed to meet Nasdaq’s $1.00 minimum under Listing Rule 5550(a)(2) after two 180-day compliance periods ending February 9, 2026 and August 10, 2026.

When will FAST TRACK GROUP (FTRK) Nasdaq trading be suspended?
Nasdaq plans to suspend trading of FAST TRACK GROUP’s ordinary shares at the opening of business on August 18, 2026. After that date, the shares will no longer trade on The Nasdaq Capital Market unless a Hearings Panel later reinstates trading.

Where will FAST TRACK GROUP (FTRK) shares trade after Nasdaq suspension?
During the appeal process, FAST TRACK GROUP expects its securities to be eligible for trading on the OTC Markets under the ticker symbol “FTRKF”. This would provide an alternative venue for investors while Nasdaq trading remains suspended.

Is FAST TRACK GROUP (FTRK) appealing Nasdaq’s delisting determination?
Yes. FAST TRACK GROUP intends to request a hearing before a Nasdaq Hearings Panel under Listing Rule 5800. This hearing request will stay the filing of Form 25-NSE, although it will not prevent the suspension of trading on Nasdaq.

What corporate actions is FAST TRACK GROUP (FTRK) considering to address its listing issues?
FAST TRACK GROUP expects to hold an extraordinary general meeting on August 17, 2026 for shareholders to vote on a consolidation of its ordinary shares, among other proposals, which may be intended to help address its minimum bid price deficiency.

What is the significance of Form 25-NSE for FAST TRACK GROUP (FTRK)?
Form 25-NSE is used to formally remove a security from listing on Nasdaq. FAST TRACK GROUP’s planned hearing request will stay the filing of this form pending the Hearings Panel’s decision, delaying formal delisting even though trading will be suspended.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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 August 2026

 

Commission File Number: 001-42426

 

 

 

FAST TRACK GROUP

(Exact Name as Specified in its Charter)

 

 

 

600 North Bridge Road, Parkview Square #24-01

Singapore 188778

(Address of Principal Executive Offices)

 

 

 

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 ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b) (1): ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b) (7): ☐

 

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

Yes ☐ No ☒

 

If “Yes” is marked, indicated below the file number assigned to the registrant in connection with Rule 12g3-2(b): Not applicable.

 

 

 

 
 

 

On August 11, 2026, FAST TRACK GROUP (the “Company”) received a Staff Determination letter (the “Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company of the Staff’s determination to delist the Company’s securities from The Nasdaq Capital Market because the Company currently fails to satisfy the continued listing requirement that the closing bid price of its securities remain at $1.00 or higher as required by Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”). The Company had received a period of 180 calendar days, or until February 9, 2026, and a second period of an additional 180 calendar days, or until August 10, 2026, to regain compliance with the Minimum Bid Price Rule. As of August 10, 2026, the Company has not regained compliance with Listing Rule 5550(a)(2).

 

Pursuant to the Letter, trading of the Company’s ordinary shares will be suspended at the opening of business on August 18, 2026. During the pendency of the hearing, the Company expects that its securities will be eligible to be traded on the OTC Markets under the ticker symbol “FTRKF.”

 

The Company intends to appeal Staff’s determination to a Hearings Panel (the “Panel”) pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series. Pursuant to Listing Rule 5815(a)(1)(B)(ii)(d), a timely request for a hearing will not stay the trading suspension of the securities of a company that was afforded the second 180-day compliance period described in Rule 5810(c)(3)(A)(ii) but failed to regain compliance with the minimum bid price requirement during such period. However, while a hearing request will no longer stay the suspension of trading, it will stay the filing of Form 25-NSE pending the Hearings Panel’s decision.

 

Accordingly, the Company intends to request a hearing before the Panel. Such request will stay the filing of the Form 25-NSE pending the Panel’s decision, and the Company’s ordinary shares will remain suspended starting from August 18, 2026, unless the Panel, after the hearing, ultimately determines to reinstate trading of the securities on Nasdaq. Separately, the Company expects to hold its extraordinary general meeting of shareholders on August 17, 2026, to vote on the consolidation of its ordinary shares, among other proposals.

 

 
 

 

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.

 

Dated: August 17, 2026

 

  FAST TRACK GROUP
     
  By: /s/ Lim Sin Foo, Harris
  Name: Lim Sin Foo, Harris
  Title: Chief Executive Officer and Director

 

 

 

Source: View Original Filing on SEC EDGAR