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Above Food Ingredients stock plunges 36% after Nasdaq announces delisting over filing failures

Market News
02 Jun 2026
Tanya Rawat
View Source
Bearish
pluang ai news

Above Food Ingredients Inc. shares dropped nearly 36% in after-hours trading following Nasdaq's decision to delist the company's stock due to its failure to file audited financial statements and the required Annual Report on Form 20-F by the deadline. The delisting will take effect at the market open on June 2, 2026. The company is working to complete its filings and considering an appeal to Nasdaq's review council, but its shares may move to the OTC market, potentially reducing liquidity and trading volume. This development reflects ongoing financial reporting challenges and has caused the stock to lose significant value over the past year.

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