BNB Plus faces delisting risk from NASDAQ and has initiated an evaluation of a strategic plan to maximize shareholder value

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ChainCatcher news, BNB Treasury Company BNB Plus has disclosed that it has received a Nasdaq notification, as its stock price fell below the $1 minimum requirement and no longer meets the continued listing standards, and due to a reverse stock split implemented over the past year, it is not eligible for a regular remediation period. The company stated that it has applied for a hearing, and its stock will continue trading on Nasdaq until the outcome is announced.

In addition, BNB Plus also announced that the board of directors has approved the initiation of a strategic alternative evaluation to maximize shareholder value. Potential options include mergers, reverse acquisitions, asset sales, joint ventures, financing, and other transactions. As of now, the crypto treasury assets are valued at approximately $12.2 million.

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