Datavault AI Loses Nasdaq Trading November 17 as Stock Falls Under $0.10

Datavault AI Inc. expects its common stock to be eligible to trade on OTC Markets from the open on November 17, 2026, after Nasdaq decided to suspend trading in the shares that same day. The company announced the move in a Business Wire release on November 13, 2026.

Why Nasdaq Suspended Datavault AI Trading

Datavault AI said Nasdaq acted because the company is not in compliance with the $1.00 minimum bid price requirement in Nasdaq Listing Rule 5550(a)(2). Nasdaq also cited the low stock price rule in Listing Rule 5810(c)(3)(A)(iii), which requires a trading suspension for an issuer whose closing bid price is below $0.10 per share for ten consecutive business days.

Datavault AI intends to request a hearing before the Nasdaq Hearings Panel to maintain its Nasdaq listing. At that hearing, the company plans to present how it will evidence compliance with the bid price requirement and to ask for an extension of time to do so. Datavault AI also plans to request the reinitiation of trading and continued listing of its securities on Nasdaq.

Nasdaq's bid price rule has recently produced notices at other issuers. Freightos received a Nasdaq notice that its shares closed below $1.00 for 30 consecutive days, according to Investing.com, and has an 180-day compliance period until May 10, 2027. Greenland Technologies Holding Corporation received a Nasdaq notification on November 10, 2026, that its Class A shares traded below the $1.00 minimum bid price for 30 consecutive business days, Third News reported.

Datavault AI's Tokenization Business

Datavault AI runs a Web 3.0 data management platform that uses AI-driven valuation, blockchain tokenization and zero-trust edge computing to turn enterprise data, physical commodities and identity rights into tokenized, tradable assets, according to akta.pro company records. The Beaverton-based company was founded in 2010 and serves fintech, mining, healthcare, sports/NIL and agriculture clients through tokenization fees, licensing and edge AI services. The same records list total funding of $392.1 million, with the last round dated May 3, 2026.

Earlier Datavault AI Moves Before The Suspension

On November 5, 2026, Datavault AI's board voted unanimously to remove CEO Nathaniel Bradley, who was also removed from the company, MarketWatch reported. Bradley will remain on the board until the next shareholder meeting or his earlier resignation or removal.

On October 30, 2026, Maxim Group downgraded Datavault AI from Buy to Hold, American Banking and Market News reported, with the stock opening at $0.08 and a consensus target of $2.50. On October 15, 2026, Datavault AI amended its $25.03 million convertible promissory note with Streeterville Capital, setting a $0.0632 Nasdaq conversion floor, TradingView reported.

Datavault AI's Hearing Request

Datavault AI's next step is its request for a hearing before the Nasdaq Hearings Panel, where it will seek an extension of time to evidence compliance with the bid price requirement and the reinitiation of Nasdaq trading.