$PARA · Parabolic Technologies, Inc.
Parabolic Technologies received a Nasdaq Staff Delisting Determination on October 27, 2026 after its stock traded below $1.00 for 30 consecutive business days. The company is ineligible for the standard 180-day compliance period because it executed three reverse stock splits (1-for-10, 1-for-20, and 1-for-10) over two years, totaling a cumulative 1-for-2,000 ratio. PARA intends to appeal to a Nasdaq Hearings Panel by the November 3, 2026 deadline, which would stay the November 5 suspension. Separately, shareholders approved an authorized share increase from 350M to 850M shares and authorized share issuances for a potential public offering and Evergreen Capital Management convertible note conversion.
- Nasdaq issued a Staff Delisting Determination because PARA's bid price was below $1.00 for 30 consecutive business days (Sept 15–Oct 26, 2026).
- The company is ineligible for the standard 180-day compliance period due to three reverse stock splits totaling a 1-for-2,000 cumulative ratio over two years.
- Trading will be suspended on November 5, 2026 unless the company requests a Nasdaq Hearings Panel appeal by 4:00 p.m. ET on November 3, 2026.
- Shareholders approved an increase in authorized shares from 350M to 850M, including Class A common stock rising from 250M to 750M.
- Shareholders also authorized share issuances for a potential public offering and conversion of a convertible note held by Evergreen Capital Management LLC.
Stock fell 25.93% in the regular session to $3.17. Extended-hours last trade at $3.20 shows a modest +0.95% bounce from the close, but the delisting determination is the dominant signal.
A Nasdaq delisting determination with no standard cure period, combined with a 500M-share authorized increase, signals existential exchange risk and severe dilution ahead for a stock already down 26% on the day.
Micro-cap Nasdaq companies that exhaust reverse-split options and face delisting often migrate to OTC Markets, where liquidity and institutional access deteriorate sharply.
The Nasdaq Hearings Panel may deny continued listing; even if granted, there is no assurance PARA can regain compliance with the $1.00 bid price rule. The 1-for-10 reverse split on October 27, 2026 may not be sufficient to lift the stock above $1.00 sustainably. The authorized share increase to 750M Class A shares creates substantial dilution risk, particularly with the Evergreen convertible note and potential public offering.