The Nasdaq Hearings Panel denied the company's request to reinstate trading, upholding a staff determination to delist its securities. The decision cites trading activity indicative of potential manipulation and insufficient liquidity to support a fair market. Only 10% of outstanding shares are held by public investors, creating excessive risk. Trading has been halted since December 2, 2025, following an SEC suspension in late 2025. The company has requested a review by the Nasdaq Listing and Hearing Review Council, though this does not stay the delisting or trading halt. MaxsMaking Inc. operates in the manufacturing industry.
