Parabolic Technologies, Inc. has received a notice from Nasdaq indicating that its securities will be delisted from the Nasdaq Capital Market. The notification was issued on October 27, 2026, after the company’s closing bid price fell below $1.00 per share for 30 consecutive business days, from September 15, 2026, through October 26, 2026. This failure to meet the minimum bid price requirement is known as the Bid Price Rule.
Under standard procedures, a company is typically granted a 180-day compliance period to regain the minimum price. However, the notice states that Parabolic is ineligible for this grace period because it has executed reverse stock splits with a cumulative ratio of 250 shares or more to one over the prior two years. The company effected a 1-for-10 split on July 8, 2025, a 1-for-20 split on May 8, 2026, and a 1-for-10 split on October 27, 2026, resulting in a cumulative ratio of 1-for-2,000.
Trading of the company’s Class A common stock, which trades under the symbol “PARA,” will be suspended at the opening of business on November 5, 2026, unless the company requests an appeal to a Nasdaq Hearings Panel. The company intends to file a timely hearing request, which would stay the suspension pending the Panel’s decision. The company plans to present a plan to regain compliance, including the 1-for-10 reverse stock split effected on October 27, 2026.
In other business, the company filed a Certificate of Amendment to its Second Amended and Restated Certificate of Incorporation on October 30, 2026, to increase its authorized shares. The amendment authorizes an aggregate of 850,000,000 shares, up from 350,000,000 shares. This increase consists of 750,000,000 shares of Class A common stock, 25,000,000 shares of Class B common stock, and 75,000,000 shares of preferred stock, each with a par value of $0.0001 per share.
Stockholders approved this increase at a Special Meeting held on October 30, 2026. The meeting was attended by 931,191 shares representing 38.91% of the voting power. The proposal to increase authorized shares received 2,221,561 votes in favor, with 53,946 votes against and 4,083 abstentions. Additionally, stockholders approved proposals authorizing potential public offerings and issuances related to a convertible promissory note and common warrants issued to Evergreen Capital Management LLC.
