Zentek opts not to continue Nasdaq listing
U.S. trading moved to OTCQX after the September suspension, while Zentek’s common shares continue trading in Canada.
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Rhea-AI Filing Summary
Zentek Ltd. (ZTEKF) says it notified Nasdaq that it does not intend to continue its listing after its board and management decided not to proceed with a share consolidation at this time. Following the appeal process, Nasdaq granted continued listing conditional on completing a share consolidation and meeting the US$1.00 minimum bid price requirement, evidenced by a closing bid of at least US$1.00 for ten consecutive trading days by December 24, 2026.
Effective September 2, 2026, Zentek’s common shares were suspended from Nasdaq and began trading on OTCQX in the United States; they continue to trade in Canada on the TSX Venture Exchange. The company cited advancing Albany, developing routes to market and revenue, and progressing Triera as areas for its capital and management attention.
Filing Explained
Zentek’s October 26 listing-update press release is incorporated by reference into its Form F-3 registration statement as of this 6-K’s furnishing date, except to the extent later filings or reports supersede it.
Key Figures
Key Terms
minimum bid price requirement regulatory
senior listing market
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What conditions did Nasdaq set for Zentek (ZTEKF) to continue its listing?
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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 October 2026
Commission File Number: 001-41310
ZENTEK LTD.
(Translation of registrant's name into English)
1123 York Road
Guelph, Ontario N1E 6Z1 Canada
(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 ☒
INCORPORATION BY REFERENCE
Exhibit 99.1 included with this Report on Form 6-K is hereby incorporated by reference into the Company's Registration Statement on Form F-3 (File No. 333-278886) and shall be deemed to be a part thereof from the date on which this report on Form 6-K is furnished, to the extent not superseded by documents or reports subsequently filed or furnished.
EXHIBIT INDEX
| Exhibit | Description of Exhibit | |
| 99.1 | Press Release dated October 26, 2026 – Zentek Provides Corporate Update on Nasdaq Listing |
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.
| ZENTEK LTD. | ||
| (Registrant) | ||
| Date: October 26, 2026 | By | /s/ Wendy Ford |
| Wendy Ford | ||
| Chief Financial Officer | ||
Zentek Provides Corporate Update on Nasdaq Listing
Guelph, ON - October 26, 2026 - Zentek Ltd. (TSXV: ZEN) (OTCQX: ZTEKF) ("Zentek" or the "Company") today provides an update on the Nasdaq appeal process it began after The Nasdaq Stock Market LLC ("Nasdaq") issued its delisting determination, as disclosed in the Company's August 28, 2026 news release.
After completing the appeal process, Nasdaq granted the Company's request for continued listing, conditional on the Company completing a share consolidation and demonstrating compliance with the US$1.00 minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2), as evidenced by a closing bid price of at least US$1.00 for ten consecutive trading days by December 24, 2026.
The Board and Management have determined not to proceed with a share consolidation at this time. Having weighed the benefits of maintaining the Nasdaq listing at this time, it concluded that Zentek's capital and management attention are best directed at the work that builds long-term value for shareholders: advancing Albany, developing routes to market and revenue, and progressing Triera. The Company will reassess a senior listing as it reaches milestones that would make one more valuable to shareholders.
Accordingly, the Company has notified Nasdaq that it does not intend to continue with its listing. Effective September 2,2026 the Company's common shares were suspended from trading on Nasdaq and began trading on the OTCQX (ZTEKF) in the United States. The Company's common shares continue to trade in Canada on the TSX Venture Exchange (ZEN).
"We believe the right decisions are those that strengthen Zentek's fundamentals and position the Company for sustainable growth," said Mohammed (Moe) Jiwan, Chief Executive Officer of Zentek. "By remaining focused on execution and disciplined capital allocation, we aim to build meaningful, lasting value for our shareholders. We will continue to evaluate opportunities to enhance our market presence as the Company's business and commercial prospects evolve."
About Zentek
Zentek Ltd. is a Canadian intellectual property development and commercialization company advancing a portfolio of graphene-enabled and advanced material technologies across clean air, next-generation materials, and critical minerals. Core platforms are Albany Graphite, ZenGUARD™, and Triera. Albany is the Company's principal critical minerals asset.
Contact
For more information:
Mohammed (Moe) Jiwan
Chief Executive Officer, Zentek Ltd.
T: 437-826-3779
E: mjiwan2@zentek.com
Morgan Knowles
Investor Relations, Zentek Ltd.
T: 437-826-3467
E: mknowles@zentek.com
www.zentek.com
Forward-Looking Statements
This news release includes certain information that may be deemed "forward-looking information" under applicable securities laws. All statements in this release, other than statements of historical facts, that address the Company's stock exchange listings, future milestones, and events or developments that the Company expects, is forward-looking information. Although the Company believes the expectations expressed in such statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the statements. There are certain factors, including, without limitation, the risk factors set out in the Company's Annual Information Form and quarterly MD&A, that could cause actual results to differ materially from those in the forward-looking information. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.