Parabolic Technologies faces a Nasdaq delisting determination after its share price stayed below the exchange’s $1 minimum for 30 consecutive business days. The company plans to appeal, which would temporarily keep its shares trading while a Nasdaq panel considers the case.
Separately, shareholders approved an increase in the company’s authorized shares. The amendment took effect October 30, expanding the number of shares Parabolic is permitted to issue.
Key details
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Nasdaq found Parabolic out of compliance with the $1 minimum bid-price requirement. The company’s closing bid was below $1 from September 15 through October 26.
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The company is not eligible for Nasdaq’s usual 180-day period to regain compliance. Nasdaq cited Parabolic’s recent reverse stock splits: 1-for-10 in July 2025, 1-for-20 in May 2026 and 1-for-10 on October 27, 2026. Together, those splits amount to a cumulative 1-for-2,000 ratio, above the threshold that disqualifies a company from a standard compliance period.
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Parabolic intends to appeal. Nasdaq must receive the hearing request and $20,000 fee by 4 p.m. Eastern Time on November 3. If the company does not appeal, trading is scheduled to be suspended at the start of business on November 5, followed by removal of the shares from Nasdaq.
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A timely appeal would pause the suspension while the panel reviews the case. Parabolic plans to present a plan to regain compliance, including the October 27 reverse split. The company said there is no assurance the panel will allow it to remain listed or that it will meet the bid-price requirement within any additional time granted.
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The shares continue to trade for now. Parabolic’s Class A stock remains listed on the Nasdaq Capital Market under the symbol PARA, subject to the appeal process and the scheduled suspension if no timely appeal is made.
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Authorized shares increased from 350 million to 850 million. The total includes 750 million Class A common shares, up from 250 million, alongside 25 million Class B common shares and 75 million preferred shares. The amendment took effect at 12:01 a.m. Eastern Time on October 30.
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Shareholders approved four proposals at the meeting, so no adjournment was needed. Shares representing 38.91% of voting power were present or represented by proxy, and each proposal passed. The reported material includes the authorized-share increase but does not specify the other proposals or provide vote totals.
The share authorization gives Parabolic the capacity to issue substantially more Class A stock, though the amendment itself does not mean those additional shares have been issued. The immediate listing issue remains unresolved: a timely appeal would delay a trading suspension, but continued Nasdaq listing will depend on the panel’s decision and Parabolic’s ability to meet the price requirement.