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Nasdaq notifies SVRN of delisting for failing to file 2025 Annual Report by Oct 27 deadline
SVRNSVRN, Inc.
The Nasdaq Stock Market notified SVRN, Inc. that its securities are subject to delisting because the company failed to file its 2025 Annual Report on Form 20-F by the October 27, 2026 deadline. The exchange had previously granted an exception through this date under Listing Rule 5250(c)(1). SVRN plans to request a hearing before November 6, 2026, which will stay any suspension for 15 days pending the Panel's decision. The filing delay stems from a pre-filing consultation with the SEC’s Office of the Chief Accountant regarding the classification of equity-linked instruments, including Preferred Stock and warrants. SVRN also expects to miss the December 31, 2026 deadline for its interim financial report due to this ongoing accounting review. SVRN operates in the digital asset sector, managing a treasury anchored by NEAR Protocol and supporting infrastructure for the agentic economy.