Nasdaq notified SVRN of delisting for missing the Oct 27 filing deadline for its 2025 Annual Report. SVRN will request a hearing by Nov 6 and an extended stay. Shares remain listed and trading. The delay is tied to an SEC accounting consultation on equity-linked instrument classification. SVRN expects to file after the consultation concludes but also expects to miss the interim report deadline. Operations are unaffected.
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