{"id":85811,"date":"2026-09-26T13:56:00","date_gmt":"2026-09-26T13:56:00","guid":{"rendered":"https:\/\/english.saigonbiz.com\/vn\/?p=85811"},"modified":"2026-09-27T01:26:02","modified_gmt":"2026-09-27T01:26:02","slug":"platinum-analytics-cayman-limited-announces-nasdaq-hearings-panel-delisting-decision","status":"publish","type":"post","link":"https:\/\/english.saigonbiz.com\/vn\/platinum-analytics-cayman-limited-announces-nasdaq-hearings-panel-delisting-decision\/","title":{"rendered":"Platinum Analytics Cayman Limited Announces Nasdaq Hearings Panel Delisting Decision"},"content":{"rendered":"<p align=\"justify\" style=\"padding-left:0px;\">Singapore, Sept.  26, 2026  (GLOBE NEWSWIRE) &#8212; Platinum Analytics Cayman Limited (the \u201c<b>Company<\/b>\u201d or \u201c<b>PLTS<\/b>\u201d), a software developer specializing in the provision of FX trading software development solutions, data analytics solutions and technology development solutions to financial institutions with a strategic focus on serving Asia and other emergent markets, today announced that on September 21, 2026, it received a notice from The Nasdaq Stock Market LLC (\u201cNasdaq\u201d) notifying the Company that the Nasdaq Hearings Panel (the \u201cPanel\u201d) had denied the Company\u2019s request to reinstate trading on Nasdaq and determined to delist the Company\u2019s securities (the \u201cPanel Decision\u201d).\u00a0<\/p>\n<p align=\"justify\" style=\"padding-left:0px;\">\u202f\u00a0<\/p>\n<p align=\"justify\" style=\"padding-left:0px;\">As previously disclosed, the Company received a Staff Delisting Determination from Nasdaq\u2019s Listing Qualifications Department pursuant to Nasdaq Listing Rule IM-5101-4. The Company appealed that determination by requesting a hearing before the Panel pursuant to Nasdaq Listing Rule 5815. Following a hearing held on August 18, 2026, the Panel affirmed Nasdaq Staff\u2019s determination to delist the Company\u2019s securities.\u00a0<\/p>\n<p align=\"justify\" style=\"padding-left:0px;\">\u202f\u00a0<\/p>\n<p align=\"justify\" style=\"padding-left:0px;\">The Panel based its decision principally on trading activity indicative of potential manipulation and the Company\u2019s failure to demonstrate sufficient liquidity to support a fair and orderly market. However, the Panel was unpersuaded by Staff\u2019s arguments concerning the Company\u2019s professional advisors, finding that their prior involvement with other companies that had experienced trading halts, anomalous trading or FINRA enforcement matters did not, standing alone, constitute valid grounds for delisting. The Panel also found that the residence of the Company\u2019s chief executive officer in Singapore did not support delisting. Trading in the Company\u2019s securities was suspended at the opening of trading on September 23, 2026.\u00a0<\/p>\n<p><\/p>\n<p align=\"justify\" style=\"padding-left:0px;\">The Company intends to request that the Nasdaq Listing and Hearing Review Council review the Panel Decision pursuant to Nasdaq Listing Rule 5820. A request for review by the Listing and Hearing Review Council will not stay the suspension of trading in, or the delisting of, the Company\u2019s securities. There can be no assurance that the Company\u2019s request for review will be successful or that trading in the Company\u2019s securities will resume on Nasdaq.\u00a0<\/p>\n<p align=\"justify\" style=\"padding-left:0px;\">\u202f\u00a0<\/p>\n<p align=\"justify\" style=\"padding-left:0px;\"><b>About Platinum Analytics Cayman Limited<\/b>\u00a0<\/p>\n<p align=\"justify\" style=\"padding-left:0px;\">\u202f\u00a0<\/p>\n<p align=\"justify\" style=\"padding-left:0px;\">Established in 2017 in Singapore, Platinum Analytics Cayman Limited, through its wholly-owned Singapore subsidiary, Platinum Analytics Singapore Pte. Ltd., develops FX trading software, data analytics, and technology solutions for financial institutions, focusing on Asia and other emergent markets. Supported by the Monetary Authority of Singapore (MAS), it addresses rapid growth in currency trade volumes, complex cross-border transactions, and emerging market volatility.\u00a0<\/p>\n<p align=\"justify\" style=\"padding-left:0px;\">\u202f\u00a0<\/p>\n<p align=\"justify\" style=\"padding-left:0px;\">The Company operates the Platinum ECN spot FX trading platform for institutional and enterprise clients. Its products \u2013 Platinum AI, Platinum ECN, and Platinum Smart Trade \u2013 deliver scalable, flexible, AI-driven, low-latency trading and analytics. For more information, please visit: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=fgeItVvKr3tU_fX9jUiP_huMxxHxexet-iLlpSCmB9iSqwZWO5bh_c1uOneFnBdsQEtLpVPQb8UTK55065nnB0ZlRNby0FaV5hWlLf_9WDoIn0onUycen9s6J6io_ES-\" rel=\"nofollow\" target=\"_blank\" title=\"\"><u>www.platinumanalytics.net<\/u><\/a>.\u00a0<\/p>\n<p align=\"justify\" style=\"padding-left:0px;\">\u202f\u00a0<\/p>\n<p align=\"justify\" style=\"padding-left:0px;\"><b>Forward-Looking Statement<\/b>\u00a0<\/p>\n<p align=\"justify\" style=\"padding-left:0px;\">\u202f\u00a0<\/p>\n<p align=\"justify\" style=\"padding-left:0px;\">This press release contains forward-looking statements that involve risks and uncertainties. The risks and uncertainties involved include the Company\u2019s ability to regain compliance with Nasdaq\u2019s rules for continued listing, market conditions, and other risks detailed from time to time in the Company\u2019s periodic reports and other filings with the U.S. Securities and Exchange Commission. You are cautioned not to place undue reliance on forward-looking statements, which are based on the Company\u2019s current expectations and assumptions and speak only as of the date of this press release. The Company does not intend to revise or update any forward-looking statement in this press release as a result of new information, future events or otherwise, except as required by law.\u00a0\u00a0<\/p>\n<p align=\"justify\" style=\"padding-left:0px;\">\u202f\u00a0<\/p>\n<p align=\"justify\" style=\"padding-left:0px;\"><b>For more information, please contact:<\/b>\u00a0<\/p>\n<p align=\"justify\" style=\"padding-left:0px;\"><b>\u202f<\/b>\u00a0<\/p>\n<p align=\"justify\" style=\"padding-left:0px;\">International Elite Capital\u00a0\u00a0<\/p>\n<p align=\"left\" style=\"padding-left:0px;\">Annabelle Zhang\u00a0\u00a0<\/p>\n<p align=\"left\" style=\"padding-left:0px;\">Email: <u>management@iecapitalusa.com<\/u>\u202f\u00a0<\/p>\n<p align=\"left\" style=\"padding-left:0px;\">646-866-7928<\/p>\n<p><img alt=\"\" src='https:\/\/ml.globenewswire.com\/media\/MTVhZjFmMjQtMzdhNy00YmIyLTk2YjEtYzIwYWFlZThjMTQzLTUwMDE2NTEyMy0yMDI2LTA5LTI2LWVu\/tiny\/Platinum-Analytics-Cayman-Limi.png' referrerpolicy='no-referrer-when-downgrade' \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Singapore, Sept. 26, 2026 (GLOBE NEWSWIRE) &#8212; Platinum Analytics Cayman Limited (the \u201cCompany\u201d or \u201cPLTS\u201d), a software developer specializing in the provision of FX trading software development solutions, data analytics solutions and technology development solutions to financial institutions with a strategic focus on serving Asia and other emergent markets, today announced that on September 21, [&#8230;]\n","protected":false},"author":1,"featured_media":85254,"comment_status":"open","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-85811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globe-newswire"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.6 (Yoast SEO v21.6) - 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