Why Kubient (KBNT) Stock Is Down 40% Today

Kubient Inc KBNT shares are trading lower by nearly 52% to $0.10 Tuesday morning after the company announced it decided to voluntarily remove its stock and purchase warrants from the Nasdaq Capital Market due to noncompliance with listing requirements.

What Else?

This decision, made by the Board of Directors, arises from the substantial costs and regulatory burdens involved in addressing Nasdaq's noncompliance notices. Trading for Kubient's stock and warrants on Nasdaq will halt on November 17, with the formal delisting occurring approximately ten days later.

The company plans to file its financial information with the SEC and aims to have its stock quoted on the Pink Sheets or another market operated by OTC Markets Group Inc., though the continuity of trading isn't guaranteed.

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According to data from Benzinga Pro, KBNT has a 52-week high of $1.60 and a 52-week low of $0.11.