Nasdaq (NASDAQ: NDAQ) has notified Pitanium Limited (NASDAQ: PTNM) that its securities will be delisted from the Nasdaq Stock Market on July 16, 2026, unless the company appeals to a Listing Qualifications Hearings Panel.

Trading in Pitanium's ordinary shares has been halted since October 18, 2025, following a temporary trading suspension imposed by the U.S. Securities and Exchange Commission. Nasdaq stated it is using its authority under IM-5101-4 to proceed with the delisting.

The securities will remain halted and unavailable to trade until any appeal is resolved. If removed from Nasdaq, the securities may become eligible for trading on the over-the-counter market.