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Zentek drops Nasdaq listing after rejecting share consolidation to meet $1 minimum bid price
ZTEKZentek Ltd.
Nasdaq granted Zentek's appeal for continued listing only on the condition that the company complete a share consolidation and demonstrate compliance with the US$1.00 minimum bid price requirement by December 24, 2026. The Board determined not to proceed with the consolidation, concluding that capital and management attention are better directed at advancing its core assets: Albany Graphite, ZenGUARD, and Triera. Consequently, Zentek notified Nasdaq of its intent to withdraw from the exchange. Common shares were suspended from Nasdaq trading on September 2, 2026, and began trading on OTCQX under the ticker ZTEKF, while continuing to trade on the TSX Venture Exchange as ZEN. Zentek Ltd. is a Canadian intellectual property development and commercialization company advancing a portfolio of graphene-enabled and advanced material technologies across clean air, next-generation materials, and critical minerals.