Datavault AI Inc. has disclosed that its common stock, currently trading under the symbol DVLT on the Nasdaq Capital Market, will be suspended from trading on that exchange effective November 17, 2026. The company received a notification from Nasdaq stating that the suspension is due to non-compliance with the exchange's listing rules. Specifically, the stock failed to meet the $1.00 minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2).
The suspension is further mandated by Nasdaq Listing Rule 5810(c)(3)(A)(iii), which requires a trading halt for securities that have a closing bid price of less than $0.10 per share for ten consecutive business days. The company stated that it intends to request a hearing before the Nasdaq Hearings Panel to appeal the decision. At this hearing, Datavault AI plans to present a plan to demonstrate compliance with the bid price requirement and will request an extension of time to achieve compliance, as well as the reinitiation of trading on Nasdaq.
Despite the suspension on Nasdaq, Datavault AI indicated that its common stock will be eligible to trade on the OTC Markets system under the existing symbol DVLT, effective with the opening of the market on November 17, 2026. The company noted that there are no assurances that the Panel will grant its request for continued listing on Nasdaq or that the company will be able to regain compliance within any extension period granted.
